Florida Statutes
Fla. Stat. § 642.0262 (2025)
Net worth required to maintain certificate of authority.
✓ 2025 Florida Statutes — current through the 2025 Regular Session
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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.