Florida Statutes 636.045 – Minimum surplus requirements
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Terms Used In Florida Statutes 636.045
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
(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.