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2004 Florida Statutes
SECTION 0261
Net worth required of applicants.
Net worth required of applicants.
642.0261 Net worth required of applicants.--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.
History.--ss. 3, 7, ch. 93-147.