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The 2022 Florida Statutes (including 2022 Special Session A and 2023 Special Session B)

Title XXXVII INSURANCE Chapter 642 LEGAL EXPENSE INSURANCE View Entire Chapter 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.