(1) Other acceptable collateral as permitted by Florida Statutes § 627.828(1), includes cash, certificates of deposit in a qualified public depository, and securities, such as filed with the Office by insurance companies pursuant to Florida Statutes § 625.52
    (2) Other acceptable collateral as defined herein filed by licensed premium finance companies in lieu of having a statutory net worth of $35,000.00 must maintain a constant value of not less than the prescribed amount of $35,000.00 at all times, and shall not relieve the premium finance company from the requirement to remain solvent.
Rulemaking Authority Florida Statutes § 624.308(1), 627.828(2) FS. Law Implemented 624.424, 624.307(1), 627.828, 627.829 FS. History-New 10-20-73, Repromulgated 12-24-74, Formerly 4-18.06, 4-18.006, Amended 7-27-95, Formerly 4-196.006.