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The Florida Statutes

The 2000 Florida Statutes

Title XXXVII
INSURANCE
Chapter 635
Mortgage Guaranty Insurance
View Entire Chapter
Section 635.042, Florida Statutes 2000

635.042  Limitation on outstanding liability.--No mortgage guaranty insurer may at any time have outstanding a total liability net of reinsurance, under its aggregate mortgage guaranty insurance policies, exceeding 25 times its paid-in capital, surplus, and contingency reserve combined.

History.--ss. 5, 12, ch. 83-281; s. 5, ch. 93-21.