PARRIS N. GLENDENING, Governor                                  Ch. 36

(2)      HEALTH INSURANCE................................................................... $100,000

(3)      PROPERTY INSURANCE AND MARINE INSURANCE
OTHER THAN WET MARINE AND TRANSPORTATION
INSURANCE..................................................................................... $250,000

(4)      TITLE INSURANCE........................................................................ $250,000

(5)      WET MARINE AND TRANSPORTATION INSURANCE......... $250,000

(6)      CASUALTY INSURANCE, NOT INCLUDING VEHICLE
LIABILITY INSURANCE OR WORKERS'

COMPENSATION INSURANCE.................................................... $250,000

(7)      VEHICLE LIABILITY INSURANCE............................................ $250,000

(8)      WORKERS' COMPENSATION INSURANCE ............................ $250,000

(9)      SURETY INSURANCE.................................................................... $250,000

(B)     SAME — TWO OR MORE KINDS OF INSURANCE BUSINESS.

TO QUALIFY FOR A CERTIFICATE OF AUTHORITY TO ENGAGE IN TWO OR
MORE KINDS OF INSURANCE BUSINESS, AN INSURER THAT STARTED BUSINESS IN
THE STATE ON OR BEFORE JUNE 30, 1965, MUST HAVE PAID-IN CAPITAL STOCK WITH
A FIXED NOMINAL OR PAR VALUE IN AN AMOUNT NOT LESS THAN THE LESSER OF:

(1)      THE COMBINED SUM OF THE CAPITAL STOCK REQUIRED FOR EACH
OF THE KINDS OF INSURANCE BUSINESS TO BE AUTHORIZED; OR

(2)      $500,000.

(C)     BUSINESS STARTED FROM JULY 1, 1965 TO JUNE 30, 1991 — ONE KIND OF
INSURANCE BUSINESS.

EXCEPT AS OTHERWISE PROVIDED IN THIS ARTICLE, TO QUALIFY FOR A
CERTIFICATE OF AUTHORITY TO ENGAGE IN ONE KIND OF INSURANCE BUSINESS,
AN INSURER THAT STARTED BUSINESS IN THE STATE DURING THE PERIOD FROM
JULY 1, 1965, TO JUNE 30, 1991, BOTH INCLUSIVE, MUST HAVE AND MAINTAIN PAID-IN
CAPITAL STOCK WITH A FIXED NOMINAL OR PAR VALUE IN AN AMOUNT NOT LESS
THAN THAT APPLICABLE UNDER THE FOLLOWING SCHEDULE:

KIND OF                                                                                 MINIMUM CAPITAL

INSURANCE BUSINESS                                                         STOCK REQUIRED

(1)      LIFE INSURANCE, INCLUDING ANNUITIES AND

HEALTH INSURANCE................................................................... $500,000

(2)      HEALTH INSURANCE................................................................... $250,000

(3)      PROPERTY INSURANCE AND MARINE INSURANCE
OTHER THAN WET MARINE AND TRANSPORTATION
INSURANCE..................................................................................... $250,000

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