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2002 Florida Statutes

Title XXXVII INSURANCE
Chapter 628 STOCK AND MUTUAL INSURERS; HOLDING COMPANIES Entire Chapter
SECTION 907
Minimum capital and surplus.
Section 628.907, Florida Statutes 2002

628.907  Minimum capital and surplus.--No captive insurer shall be issued a license unless it possesses and thereafter maintains:

(1)  Unimpaired paid-in capital of at least $500,000; and

(2)  Unimpaired surplus of at least $250,000.

History.--ss. 664, 809(1st), ch. 82-243; ss. 4, 11, ch. 87-127; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429.

Note.--Former s. 628.605.