Fla. Stat. 629.071
Surplus funds required


(1)

A domestic reciprocal insurer hereunder formed, if it has otherwise complied with the applicable provisions of this code, may be authorized to transact insurance if it has and thereafter maintains surplus funds of not less than $250,000.

(2)

In addition to the surplus required to be maintained under subsection (1), the insurer shall have, when first so authorized, an expendable surplus of not less than $750,000.

Source: Section 629.071 — Surplus funds required, https://www.­flsenate.­gov/Laws/Statutes/2024/0629.­071 (accessed Aug. 7, 2025).

Current through Fall 2025

§ 629.071. Surplus funds required's source at flsenate​.gov