Additional limitations. — Florida Code § 635.031
Florida Code § 635.031 — Additional limitations.. Reproduced from the official Florida Statutes, with a citation summary, verification link, and related provisions.
§ 635.031. Additional limitations.
In addition to laws otherwise applicable, mortgage guaranty insurers are subject to the following limitations: (1) No such insurer may retain risk as to any one subject of insurance in any amount exceeding 10 percent of its surplus as to policyholders. In determining the amount of risk retained, applicable reinsurance in any assuming insurer authorized to transact insurance in this state or approved by the office shall be deducted from the total direct risk insured. (2) Mortgage guaranty insurance may be written with respect to real estate loans only on those loans which a bank, a savings and loan association, or an insurance company regulated by this state or an agency of the Federal Government is authorized to make.
Source: official Florida text · Last verified 2026-08-27
At a glance
- Citation: Florida Statutes § 635.031
- Jurisdiction: Florida
- Code: Florida Statutes
- Subject: Additional limitations.
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Florida Statutes. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Florida attorney.
Common questions
What is the source of Florida Statutes § 635.031?
The text above is transcribed from the Florida Statutes, the codified statutes of Florida. The official publisher link appears under "Verify the text" on this page.
What subject does Florida Statutes § 635.031 address?
It addresses "Additional limitations.". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Florida Statutes § 635.031 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Florida source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Florida law to your facts requires a licensed Florida attorney who can review the specifics.