Ch. 36

1995 LAWS OF MARYLAND

(4)      TITLE INSURANCE....................................................................... 5250,000

(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

(D)     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 DURING THE PERIOD FROM JULY 1, 1965, TO' JUNE 30, 1991, BOTH
INCLUSIVE, MUST HAVE PAID-IN CAPITAL STOCK WITH A FIXED NOMINAL OR PAR
VALUE IN AN AMOUNT NOT LESS THAN $500,000.

(E)     BUSINESS STARTED ON OR AFTER JULY 1, 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 ON OR AFTER JULY 1, 1991,
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........................$1,500,000

(2)      HEALTH INSURANCE.................................................................. $750,000

(3)      PROPERTY INSURANCE AND MARINE INSURANCE
OTHER THAN WET MARINE AND
TRANSPORTATION INSURANCE............................................... $750,000

(4)      TITLE INSURANCE...................................................................... $750,000

(5)      WET MARINE AND TRANSPORTATION

INSURANCE..................................................................................... $750,000

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

WORKERS' COMPENSATION INSURANCE.......................... $750,000

(7)      VEHICLE LIABILITY INSURANCE............................................ $750,000

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