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2000 Florida Statutes
SECTION 042
Limitation on outstanding liability.
Limitation on outstanding liability.
635.042 Limitation on outstanding liability.--No mortgage guaranty insurer may at any time have outstanding a total liability net of reinsurance, under its aggregate mortgage guaranty insurance policies, exceeding 25 times its paid-in capital, surplus, and contingency reserve combined.
History.--ss. 5, 12, ch. 83-281; s. 5, ch. 93-21.