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Florida Statutes Title XXXVII. Insurance § 642.0262. Net worth required to maintain certificate of authority

Current as of January 01, 2025 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - Florida Statutes Title XXXVII. Insurance § 642.0262. Net worth required to maintain certificate of authority - last updated January 01, 2025 | https://codes.findlaw.com/fl/title-xxxvii-insurance/fl-st-sect-642-0262/

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