Florida Statutes
§ 642.0261 — Net worth required of applicants
Florida § 642.0261
This text of Florida § 642.0261 (Net worth required of applicants) is published on Counsel Stack Legal Research, covering Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Fla. Stat. § 642.0261 (2026).
Text
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.
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Legislative History
ss. 3, 7, ch. 93-147.
Nearby Sections
15
§ 642.011
Short title§ 642.013
Purpose§ 642.015
Definitions§ 642.017
Exemptions§ 642.021
Certificate of authority§ 642.022
Insurance business not authorized§ 642.023
Required deposit or bond§ 642.024
Levy upon deposit§ 642.025
Policy and certificate forms§ 642.0261
Net worth required of applicants§ 642.027
Premium rates§ 642.029
Contracts by insurersCite This Page — Counsel Stack
Bluebook (online)
Florida § 642.0261, Counsel Stack Legal Research, https://law.counselstack.com/statute/fl/642.0261.