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Code · Maryland · Insurance

§ 8-413

57 words·~1 min read·/md/insurance/8-413

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§8–413.
(a)Each society that applies on or after July 1, 1968, for an initial certificate of authority under this subtitle must have working capital of at least $125,000.
(b)After issuance of its initial certificate of authority, a society described in subsection
(a)of this section shall maintain unencumbered assets that exceed all liabilities by $100,000.
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