SECTION 642.0262. Net worth required to maintain certificate of authority.

Latest version.

1To 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:
29(1) 30Ten thousand dollars; or
34(2) 35Ten percent of the insurer’s total liabilities.

History.-ss. 4, 7, ch. 93-147; s. 83, ch. 2000-158.

Bills Cite this Section:

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Cited by Court Cases:

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