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FLORIDA STATUTES AND CODES
642.0262 Net worth required to maintain certificate of authority.
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.
History. ss. 4, 7, ch. 93-147; s. 83, ch. 2000-158.
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