Florida Regulations 69O-196.004: Determination of Net Worth of Premium Finance Companies
Current as of: 2024 | Check for updates
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(1) The Office shall use the applicable criteria as set forth under Florida Statutes § 625.012, for the purpose of determining which kinds of assets will be allowed in determining the net worth of premium finance companies.
(2) The Office shall use the applicable criteria as set forth under Florida Statutes § 625.031, to determine which kinds of assets will not be allowed in determining the net worth of premium finance companies.
Rulemaking Authority Florida Statutes § 624.308(1), 627.828(2) FS. Law Implemented 624.307(1), 627.828 FS. History-New 10-20-73, Repromulgated 12-24-74, Formerly 4-18.04, 4-18.004, 4-196.004.
Terms Used In Florida Regulations 69O-196.004
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Rulemaking Authority Florida Statutes § 624.308(1), 627.828(2) FS. Law Implemented 624.307(1), 627.828 FS. History-New 10-20-73, Repromulgated 12-24-74, Formerly 4-18.04, 4-18.004, 4-196.004.