(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
(b) The purposes of the corporation shall be limited to providing legal services or indemnity for legal expenses and business reasonably related thereto.
History.—s. 1, ch. 79-103; s. 2, ch. 81-318; ss. 3, 20, 21, ch. 83-278; ss. 6, 7, ch. 93-147.
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