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2010 Florida Statutes
SECTION 907
Minimum capital and surplus.
Minimum capital and surplus.
628.907
Minimum capital and surplus.
—No captive insurer shall be issued a license unless it possesses and thereafter maintains:
(1)
Unimpaired paid-in capital of at least $500,000; and
(2)
Unimpaired surplus of at least $250,000.
History.
—ss. 664, 809(1st), ch. 82-243; ss. 4, 11, ch. 87-127; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429.
Note.
—Former s. 628.605.