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Florida Statute 642.0261 - Full Text and Legal Analysis
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The 2025 Florida Statutes

Title XXXVII
INSURANCE
Chapter 642
LEGAL EXPENSE INSURANCE
View Entire Chapter
F.S. 642.0261
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.

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