Md. Code, Insurance § 8-413
This is the official text of Md. Code, Insurance § 8-413, part of Maryland’s Code, Insurance — regulates insurance companies and the policies they sell.
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§8–413.
Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
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