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2010 Florida Code
TITLE XXXVII INSURANCE
Chapter 628 STOCK AND MUTUAL INSURERS; HOLDING COMPANIES  
PART V CAPTIVE INSURERS(ss. 628.901-628.917)
628.907 Minimum capital and surplus.

628.907 Minimum capital and surplus.

No captive insurer shall be issued a license unless it possesses and thereafter maintains:

   (1) Unimpaired paid-in capital of at least $500,000; and

   (2) Unimpaired surplus of at least $250,000.

History. ss. 664, 809(1st), ch. 82-243; ss. 4, 11, ch. 87-127; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429.

Note. Former s. 628.605.

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