Florida Statutes § 642.0261 — Net worth required of applicants.
Search Florida StatutesFrom the Legislature's 2026 edition, which includes changes effective through January 1, 2027. Later effective dates are retained in each section's source notes.
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
History.—ss. 3, 7, ch. 93-147.
Source captured on 2026-10-10. Read the official chapter.