Volume 671, Page 998 View pdf image (33K) |
1000 LAWS OF MARYLAND [CH. 553 article, an insurer shall possess and thereafter maintain paid-in Kind or Kinds of Insurance Minimum Capital Business Stock Required (a) Life, including annuities AND HEALTH.......................... $200,000.00 (b) Health ..................................................................................................................... 100,000.00 (c) Property and Marine other than wet marine and (d) Title ......................................................................................................................... 100,000.00 (e) Wet Marine and transportation..................................................... 200,000.00 (f) Casualty (Not including (g) and (h))................................... 200,000.00 (g) Vehicle liability ............................................................................................ 200,000.00 (h) Workmen's Compensation.................................................................... 200,000.00 (i) Surety ..................................................................................................................... 200,000.00 (2) To qualify for authority to engage in two or more of the kinds 49. Surplus Required. (1) In addition to the minimum capital stock required by section (2) For purposes of this article and for authority to continue in 50. Deposit Requirements. The Commissioner shall not issue a certificate of authority to any (1) as to foreign insurers in lieu of such deposit or part thereof (2) as to alien insurers in lieu of such deposit or part thereof with |
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Volume 671, Page 998 View pdf image (33K) |
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