642.0262 Net worth required to maintain certificate of authority.—To 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:(1) Ten thousand dollars; or(2) Ten percent of the insurer’s total liabilities.History.—ss. 4, 7, ch. 93-147; s. 83, ch. 2000-158.
Florida Legal Code