Fla. Stat. § 628.907 – Minimum capital and surplus | Midpage

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Florida Statutes

§ 628.907

Fla. Stat. § 628.907

Minimum capital and surplus

ss. 664, 809(1st), ch. 82-243; ss. 4, 11, ch. 87-127; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429.

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.