The Florida Senate

625.317  Corporate bonds and debentures.--An insurer may invest in bonds, notes, or other interest-bearing or interest-accruing obligations of any solvent corporation organized under the laws of the United States or Canada or under the laws of any state, the District of Columbia, any territory or possession of the United States, or any Province of Canada or in bonds or notes issued by the Florida Windstorm Underwriting Association or a private nonprofit corporation, a private nonprofit unincorporated association, or a nonprofit mutual company organized by that association, all as authorized in s. 627.351(2)(c), or any subsidiary or affiliate thereof authorized by the Department of Insurance to issue such bonds or notes.

History.--s. 142, ch. 59-205; s. 2, ch. 76-96; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 107, 122, 809(1st), ch. 82-243; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429.