§ 642.0261, Fla. Stat. · Chapter 642. LEGAL EXPENSE INSURANCE
Net worth required of applicants.
Verbatim from the official edition
Text — 2026 Florida Statutes
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.
Notes and commentary — not statutory text
History
ss. 3, 7, ch. 93-147.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0642/0642.html
- Text hash
- sha256 ffa0bbd99b037b89d22edc056e157f69b2bb2ecfb24a59dad74e09f681c89b0d
- Composed by
- compose_v2.py 2026-10-04: the Legislature's structured HTML read in document order; verify_v2.py's independent reading agrees character for character
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Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.