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2019 Florida Statutes
Title XXXVII - Insurance
Chapter 642 - Legal Expense Insurance
642.0261 - Net Worth Required of Applicants.
Universal Citation: FL Stat § 642.0261 (2019)
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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