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Maryland · Through 2026-01-01

Md. Code, Insurance § 8–413

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  1. Article - Insurance

(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.

Collected 2026-09-14T19:59:28Z. Source file · JSON

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