Fla. Stat. § 636.045

Current through the 2024 Legislative Session
Section 636.045 - Minimum surplus requirements
(1) Each prepaid limited health service organization must at all times maintain a minimum surplus in an amount which is the greater of $150,000 or 10 percent of total liabilities.
(2) The office may not issue a certificate of authority unless the prepaid limited health service organization has a minimum surplus in an amount of $150,000 or 10 percent of liabilities, whichever is the greater amount.
(3) A prepaid limited health service organization that is authorized in this state and one or more other states, jurisdictions, or countries is subject to ss. 624.4085 and 624.40851.

Fla. Stat. § 636.045

s.36, ch. 93-148; s. 21, ch. 2000-209; s.1539, ch. 2003-261; s. 15, ch. 2014-101.
Amended by 2014 Fla. Laws, ch. 101, s 15, eff. 1/1/2015.