40-3503. Capital and surplus requirements.
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/ks/chapter-40/40-3503A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
40-3503. Capital and surplus requirements. A mortgage guaranty insurance company shall not transact the business of mortgage guaranty insurance unless, if said company is a stock insurance company, it has paid-in capital of at least one million dollars ($1,000,000) and surplus of at least one million dollars ($1,000,000), or if said company is a mutual insurance company, it has a minimum surplus of two million dollars ($2,000,000).