The department may provide that the insurer may not conduct the following activities during the period of supervision, without prior approval by the department:

1. (1) Dispose of, convey, or encumber any of its assets or its business in force;
2. (2) Withdraw any of its bank accounts;
3. (3) Lend any of its funds;
4. (4) Invest any of its funds;
5. (5) Transfer any of its property;
6. (6) Incur any debt, obligation, or liability;
7. (7) Merge or consolidate with another company;
8. (8) Enter into any new reinsurance contract or treaty;
9. (9) Terminate, surrender, forfeit, convert, or lapse any insurance policy, certificate, or contract of insurance, except for nonpayment of premiums due;
10. (10) Release, pay, or refund premium deposits, accrued cash or loan values, unearned premiums, or other reserves on any insurance policy or certificate; or
11. (11) Make any material change in management.

History.--ss. 71, 72, ch. 89-360; s. 4, ch. 91-429.