Florida Statutes
Fla. Stat. § 642.0261 (2025)
Net worth required of applicants.
✓ 2025 Florida Statutes — current through the 2025 Regular Session
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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.