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2019 Florida Statutes
SECTION 0261
Net worth required of applicants.
Net worth required of applicants.
642.0261 Net worth required of applicants.—To receive authority to transact legal expense insurance, an applicant applying for a certificate of authority after October 1, 1993, must possess a net worth not less than the greater of:
(1) Ten thousand dollars; or
(2) Ten percent of the applicant’s total liabilities.
History.—ss. 3, 7, ch. 93-147.