Legal Opinion

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Florida Attorney General Reports

Decided December 18, 1979Published

1Opinion of the Court

Bill Gunter State Treasurer and Insurance Commissioner Tallahassee

QUESTION:

Under current law, what is the correct disposition of funds collected and deposited in the Insurance Commissioner's Regulatory Trust Fund pursuant to ss. 175.121 and 185.10, F. S., when such funds are not payable to the various municipalities?

SUMMARY:

Until legislatively or judicially determined otherwise, it is my opinion that the Department of Insurance or the Insurance Commissioner and Treasurer is not authorized by law to transfer undistributed funds accumulated in the Insurance Commissioner's Regulatory Trust Fund…

2Cases cited7 opinions

  1. Dobbs v. Sea Isle HotelSupreme Court of Florida · 1952
  2. Alsop v. PierceSupreme Court of Florida · 1944
  3. State ex rel. Greenberg v. Florida State Board of DentistryDistrict Court of Appeal of Florida · 1974
  4. Ideal Farms Drainage District v. Certain LandsSupreme Court of Florida · 1944
  5. Interlachen Lakes Estates, Inc. v. SnyderSupreme Court of Florida · 1974

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