The Florida Statement of Claim (Clients Security Fund) is a fund set up by the Florida Bar Association to protect consumers from losses due to theft or misappropriation of funds or property by attorneys. The fund provides reimbursement to clients who have suffered financial loss due to an attorney’s dishonest or fraudulent acts, such as embezzlement, conversion, or misappropriation of funds. The fund is managed by the Florida Bar Association and is funded by the Bar’s annual membership dues and assessments. The fund is not funded by public tax dollars and any reimbursement is paid out of the Bar’s general fund. There are three types of Florida Statement of Claim (Clients Security Fund): Reimbursement of Funds Claim, Conversion of Funds Claim, and Misappropriation of Funds Claim. Reimbursement of Funds Claim is for clients who have been victims of an attorney’s dishonest or fraudulent acts and have suffered financial loss as a result. Conversion of Funds Claim is for clients who have suffered financial loss due to an attorney’s unauthorized use of funds. Misappropriation of Funds Claim is for clients who have suffered financial loss due to an attorney’s misuse of funds. Clients filing for reimbursement of funds must complete an official Florida Statement of Claim and submit it to the Florida Bar Association for review and approval. If approved, the Bar will reimburse the client up to a maximum amount.
Florida Statement of Claim (Clients Security Fund)
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