J. MILLARD TAWES, Governor                    1007

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 transportation................................................... 100,000.00 250,000.00

(d)   Title ...................................................................................... 100,000.00 250,000.00

(e)  Wet marine and transportation.................. 200,000.00 250,000.00

(f)   Casualty (not including (g) and (h))... 200,000.00 250,000.00

(g)  Vehicle liability ......................................................... 300,000.00 250,000.00

(h) Workmen's Compensation .............................. 200,000.00 250,000.00

(i) Surety ................................................................................. 200,000.00 250,000.00

(2) To qualify for authority to engage in two or more of the
kinds of the insurance business stated in the schedule above an
insurer commencing business in this State prior to July 1, 1965, shall
possess paid-in capital stock in an amount of not less than the com-
bined sum of the capital requirements by adding the amount of
capital stock required for each of the kinds of insurance business to
be authorized, or $375,000, $500,000, whichever is less.

(8) To qualify for authority to engage in the business of any one
kind of insurance business, unless otherwise provided in this article,
an insurer commencing business in this State on or after July 1,
1965, shall possess and thereafter maintain paid-in capital stock in
an amount not less than as applicable under the following schedule:

Kind or Kinds of Insurance                         Minimum Capital

Business                                        Stock Required

(a)  Life, including annuities and health.......................................$500,000.00

(b)  Health ............................................................................................................. 250,000.00

(c)  Property and marine other than wet marine

and transportation..................................................................... 250,000.00

(d)  Title ................................................................................................................ 250,000.00

(e)   Wet marine and transportation............................................... 250,000.00

(f)  Casualty (not including (g) and (h))............................... 250,000.00

(g)  Vehicle liability ...................................................................................... 250,000.00

(h) Workmen's Compensation .......................................................... 250,000.00

(i) Surety ............................................................................................................ 250,000.00

(4) To qualify for authority to engage in two or more of the kinds
of the insurance business stated in the schedule above an insurer
commencing business in this State on or after July 1, 1965, shall
possess paid-in capital stock in an amount of not less than $500,000.

Sec. 2. And be it further enacted, That nothing in this Act shall
be construed or applied to affect in any manner the provisions of
Section 5 of Chapter 553 of the Acts of 1963.

Sec. 3. And be it further enacted, That this Act shall take effect
June 1, 1965.

Approved May 4, 1965.