Florida Statutes 642.019 – Organization of legal expense insurance corporations
Current as of: 2023 | Check for updates
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(1) Any number of corporations or adult natural persons may organize a legal expense insurance corporation under the law of this state relating to corporations generally.
(2) The articles of incorporation shall conform to the requirements applicable to corporations, and, in addition:
(a) The name of the corporation shall indicate that legal services or indemnity for legal expenses is to be provided; and
Terms Used In Florida Statutes 642.019
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(b) The purposes of the corporation shall be limited to providing legal services or indemnity for legal expenses and business reasonably related thereto.