5 Simple Techniques For 55 and over communities in ocala florida

(j) “Inactive enterprise operations” means the mere continued Keeping or renewal of legal rights to assets Formerly operated for the goal of generating revenues but not presently deployed for such objective.

(k) “Indirect holdings” in a corporation suggests all securities of that organization which are held in a commingled fund or other collective financial commitment, such as a mutual fund, through which the general public fund owns shares or pursuits along with other buyers not subject to this portion.

f. Clearing funds rely on fund, for use as being a depository for funds to account for collections pending distribution to lawful recipients.

file. Clearing resources have faith in fund, to be used as being a depository for resources to account for collections pending distribution to lawful recipients.

3. The contract shall present that reimbursement quantities shall not be minimized by reinsurance paid out or payable into the insurance company from other resources.

4. The Congress or President of The usa affirmatively and unambiguously states, by signifies together with, although not limited to, laws, government purchase, or prepared certification through the President to Congress, that necessary divestment of the type presented for In this particular portion interferes with the conduct of U.s. foreign plan.

(three) Of moneys offered towards the division in paragraph (1)(a), 10 per cent shall be allotted for the Florida International University Heart committed to hurricane study. The center shall establish a preliminary work plan permitted because of the advisory council established forth in subsection (4) to get rid of the point out and local obstacles to upgrading current cell homes and communities, research and produce a method to the recycling of current older cellular homes, and assistance packages of investigation and improvement associated with hurricane decline reduction gadgets and methods for web page-created residences.

four. With regard to assessments of surplus strains rates, Each and every surplus traces agent shall obtain the evaluation at the same time as being the agent collects the surplus traces tax necessary by s. 626.932, plus the surplus strains agent shall remit the evaluation into the Florida Surplus Strains Company Office developed by s. 626.921 simultaneously since the agent remits the surplus strains tax towards the Florida Surplus Strains Company Business. The unexpected emergency assessment on Just about every insured procuring coverage and filing beneath s. 626.938 shall be remitted with the insured towards the Florida Surplus Lines Company Office at the time the insured pays the surplus lines tax on the Florida Surplus Strains Provider Office. The Florida Surplus Lines Company Workplace shall remit the collected assessments into the fund or Company as presented within the purchase levied with the Business of Insurance policy Regulation.

6. “Proprietary private business enterprise facts” usually means data that's been specified via the proprietor when presented into the Point out Board of Administration as facts that is owned or controlled by a proprietor; that is meant to get and is treated by the proprietor as non-public, the disclosure of which might damage the organization functions of your proprietor and it has not been deliberately disclosed via the proprietor Unless of course pursuant to a private agreement that provides that the information won't be introduced to the public besides as demanded by law or legal approach, or pursuant to legislation or an get of the court docket or administrative body; Which problems:

a. Which the asked for record consists of proprietary confidential company facts click here and the particular locale of this kind of info in the report;

2. Any personal financial or financial investment positions from the financial investment adviser or manager which could be associated with the performance of an investment program over which the investment adviser or manager has discretionary investment decision authority on behalf on the board.

3. The board might reimburse insurers for amounts up for the revealed factors or multiples for figuring out Every single participating insurance company’s retention and projected payout derived due to the event in the quality system in All those predicaments in which the whole reimbursement of losses to this sort of insurers wouldn't exceed the believed promises-spending potential of your fund.

(seven) Financial commitment and personal debt buying processes and contracts of funds held in believe in because of the Point out Board of Administration, no matter if right or incidentally associated with the expenditure or financial debt transactions, are exempt from the provisions of chapter 287.

(d) The board shall publish from the Florida Administrative Sign up the most statutory modified capability for your required coverage for a particular deal year, the utmost statutory coverage for just about any optional coverage for The actual deal year, plus the mixture fund retention accustomed to estimate personal insurance provider’s retention multiples for The actual deal 12 months no later than January one of the straight away previous contract yr.

Ocala Realtors - 55+ Communities
915 SE 17th St,
Ocala, FL 34471
(800) 253-1139
www.localrealtyservice.com

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