Fla. Stat. § 624.408
(1) (a) To maintain a certificate of authority to transact any one kind or combinations of kinds of insurance, as defined in part V of this chapter, an insurer in this state shall at all times maintain surplus as to policyholders not less than the greater of:
1. Except as provided in subparagraph 5. and paragraph (b), $1.5 million;
2. For life insurers, 4 percent of the insurer's total liabilities;
3. For life and health insurers, 4 percent of the insurer's total liabilities plus 6 percent of the insurer's liabilities relative to health insurance; or
4. For all insurers other than life insurers and life and health insurers, 10 percent of the insurer's total liabilities.
5. For property and casualty insurers, $4 million.
(b) For any property and casualty insurer holding a certificate of authority on December 1, 1993, the following amounts apply instead of the $4 million required by subparagraph (a)5.:
1. On December 31, 1999, and until December 30, 2000, $2.5 million.
2. On December 31, 2000, and until December 30, 2001, $2.75 million.
3. On December 31, 2001, and until December 30, 2002, $3 million.
4. On December 31, 2002, and until December 30, 2003, $3.25 million.
5. On December 31, 2003, and until December 30, 2004, $3.6 million.
6. On December 31, 2004, and thereafter, $4 million.
History.--s. 52, ch. 59-205; s. 2, ch. 63-29; s. 2, ch. 67-235; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 1, 2, ch. 79-72; ss. 2, 3, ch. 81-318; ss. 44, 64, 809(1st), ch. 82-243; s. 4, ch. 83-288; s. 3, ch. 85-245; s. 26, ch. 89-360; ss. 16, 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 6, ch. 93-410; s. 12, ch. 99-3; s. 1, ch. 2000-333.