{"data":{"id":"us-fl/fla.-stat.-642.0261","jurisdiction":"us-fl","citation":"Fla. Stat. § 642.0261","heading":"Net worth required of applicants.","body":"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:\n(1) Ten thousand dollars; or\n(2) Ten percent of the applicant’s total liabilities.\nHistory.—ss. 3, 7, ch. 93-147.","path":["CHAPTER 642 LEGAL EXPENSE INSURANCE"],"source_url":"https://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute\u0026URL=0600-0699/0642/0642.html","current_through":"2026 Florida Statutes","vintage":"","retrieved_at":"2026-08-27T02:11:11Z","sha256":"42094df933df90e0fb76d0423ebeafb4d1561378aa3d809d2c3724d3143363d9","source_id":"us-fl","stale":false,"prev":"us-fl/fla.-stat.-642.025","next":"us-fl/fla.-stat.-642.0262"},"notice":"GroundRules: Original legal text. Not legal advice."}