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Fla. Stat. § 629.071

Surplus funds required

Florida · Florida Statutes Chapter 629 — RECIPROCAL INSURERS · Status: effective

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Fla. Stat. § 629.071, Surplus funds required, Florida, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/1155136
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(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.