{"data":{"id":"us-md/md.-code-insurance-8-413","jurisdiction":"us-md","citation":"Md. Code, Insurance § 8–413","heading":"","body":"(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.\n(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.","path":["Article - Insurance"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gin\u0026section=8-413","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:59:28Z","sha256":"12cd3af254b4d3085677d4891788b751a269ed3c510601ade8fb3eecc566b6a5","source_id":"us-md","stale":false,"prev":"us-md/md.-code-insurance-8-412","next":"us-md/md.-code-insurance-8-414"},"notice":"GroundRules: Original legal text. Not legal advice."}