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The Florida Statutes

The 2018 Florida Statutes

Title XXXVII
INSURANCE
Chapter 642
LEGAL EXPENSE INSURANCE
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F.S. 642.0261
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.