636.045 Minimum surplus requirements. - Florida Statutes

636.045 Minimum surplus requirements.

   (1) Each prepaid limited health service organization must at all times maintain a minimum surplus in an amount which is the greater of $150,000 or 10 percent of total liabilities.

   (2) The office may not issue a certificate of authority unless the prepaid limited health service organization has a minimum surplus in an amount of $150,000 or 10 percent of liabilities, whichever is the greater amount.

History. s. 36, ch. 93-148; s. 21, ch. 2000-209; s. 1539, ch. 2003-261.