642.0262 Net worth required to maintain certificate of authority.
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/fl/title-xxxvii/chapter-642/642-0262·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.