§ 642.0262, Fla. Stat. · Chapter 642. LEGAL EXPENSE INSURANCE
Net worth required to maintain certificate of authority.
Verbatim from the official edition
Text — 2026 Florida Statutes
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.
Notes and commentary — not statutory text
History
ss. 4, 7, ch. 93-147; s. 83, ch. 2000-158.
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 cc569f7962e7f2bdc51990546add4a33d8c890350c0f3e9a5f8fa3be89a4849b
- 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
- composed from the Legislature's structured HTML (one source of text; no PDF extraction); a second, independent reading of the same bytes agrees character for character
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.