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2010 Florida Statutes
SECTION 0262
Net worth required to maintain certificate of authority.
Net worth required to maintain certificate of authority.
642.0262
Net worth required to maintain certificate of authority.
—To maintain a certificate of authority to transact legal expense insurance, a legal expense insurance corporation must maintain a net worth of not less than the greater of:
(1)
Ten thousand dollars; or
(2)
Ten percent of the insurer’s total liabilities.
History.
—ss. 4, 7, ch. 93-147; s. 83, ch. 2000-158.