SECTION 642.0261. Net worth required of applicants.

Latest version.

1To 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:
32(1) 33Ten thousand dollars; or
37(2) 38Ten percent of the applicant’s total liabilities.

History.-ss. 3, 7, ch. 93-147.

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