The 2023 Florida Statutes (including Special Session C)

Title XXXVII
INSURANCE

Chapter 624
INSURANCE CODE: ADMINISTRATION AND GENERAL PROVISIONS

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F.S. 624.606

624.606 “Surety insurance” defined.—

(1) “Surety insurance” includes:

(a) A contract bond, including a bid, payment, or maintenance bond, or a performance bond, which guarantees the execution of a contract other than a contract of indebtedness or other monetary obligation;

(b) An indemnity bond for the benefit of a public body, railroad, or charitable organization or a lost security or utility payment bond;

(c) Becoming surety on, or guaranteeing the performance of, any lawful contract where the bond is guaranteeing the execution of a contract other than a contract of indebtedness or other monetary obligation;

(d) Becoming surety on, or guaranteeing the performance of, bonds and undertakings required or permitted in a judicial proceeding or otherwise allowed by law, including surety bonds accepted by states and municipal authorities in lieu of deposits as security for the performance of insurance contracts;

(e) Fidelity insurance as defined in s. 624.6065 for the purposes of the Florida Insurance Code other than part XX of chapter 627; or

(f) Residual value insurance as defined in s. 624.6081.

(2) “Surety insurance” does not include:

(a) Mortgage guaranty insurance, as defined in s. 635.011;

(b) Financial guaranty insurance, as defined in s. 627.971; or

History.—s. 104, ch. 59-205; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 86, 809(1st), ch. 82-243; s. 3, ch. 88-87; ss. 184, 187, 188, ch. 91-108; s. 1, ch. 91-110; s. 4, ch. 91-429; s. 17, ch. 95-211.

F.S. 624.606 on Google Scholar

F.S. 624.606 on Casetext

Amendments to 624.606

Arrestable Offenses / Crimes under Fla. Stat. 624.606

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 624.606.

Annotations, Discussions, Cases:

Cases from cite.case.law:

DADELAND DEPOT, INC. v. ST. PAUL FIRE AND MARINE INSURANCE CO., 945 So. 2d 1216 (Fla. 2006)

. . . See § 624.606(l)(a), Fla. Stat. (1999). . . .

SHANNON R. GINN CONSTRUCTION COMPANY R. v. RELIANCE INSURANCE COMPANY,, 51 F. Supp. 2d 1347 (S.D. Fla. 1999)

. . . .” § 624.606, Fla.Stat. (1997). . . .

S. BUCKMAN, v. AMERICAN BANKERS INSURANCE COMPANY OF FLORIDA,, 924 F. Supp. 1156 (S.D. Fla. 1996)

. . . authorities in lieu of deposits as security for the performance of insurance contracts____ Fla.Stat. ch. 624.606 . . .

FINANCIAL INDEMNITY COMPANY, v. STEELE SONS, INC. E. L. W. W. v. SAFECO INSURANCE COMPANY,, 403 So. 2d 600 (Fla. Dist. Ct. App. 1981)

. . . Section 624.606(2), Florida Statutes (1979), defines “surety insurance” as, inter alia, “[insurance guaranteeing . . .

FIRST NATIONAL BANK OF MIAMI, v. INSURANCE COMPANY OF NORTH AMERICA,, 535 F.2d 284 (5th Cir. 1976)

. . . . § 624.606(3) (1975) defines surety insurance as, inter alia, insurance indemnifying banks. . . .