642.0261 Net worth required of applicants.
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/fl/title-xxxvii/chapter-642/642-0261·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.