Florida § 642.0262 - Net worth required to maintain certificate of authority.
Full text of Florida Florida Statutes § 642.0262 — Net worth required to maintain certificate of authority., with citation guidance and answers to common questions.
§ 642.0262. Net worth required to maintain certificate of authority.
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.
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 642.0262
What does Florida Statutes § 642.0262 cover?
Section 642.0262 ("Net worth required to maintain certificate of authority.") is part of the Florida Statutes, the codified statutory law of Florida. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Florida § 642.0262?
A common citation format is "Florida Statutes § 642.0262" (Florida). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Florida law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Florida official source linked on this page or consult a licensed Florida attorney.
How does Florida § 642.0262 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Florida can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Florida.