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2013 Maryland Code
INSURANCE
§ 8-413 - Minimum capital


MD Ins Code § 8-413 (2013) What's This?

§8-413.

(a) Each society that applies on or after July 1, 1968, for an initial certificate of authority under this subtitle must have working capital of at least $125,000.

(b) After issuance of its initial certificate of authority, a society described in subsection (a) of this section shall maintain unencumbered assets that exceed all liabilities by $100,000.

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