Legislation

HB 47 — Session Law

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Mentions of “SURPLUS” — 12 found on pages 1, 2

… or division of a corporation established under Chapter 7 or regulated under Chapter 9 of Title 5) or unimpaired basic surplus (if a foreign mutual or a reciprocal insurer), and when first so authorized shall possess and maintain free surplus, …

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… c surplus (if a foreign mutual or a reciprocal insurer), and when first so authorized shall possess and maintain free surplus, all in amounts not less than as follows: Kind or kinds of insurance Stock insurers Mutual Insurers Reciprocal insu …

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… than as follows: Kind or kinds of insurance Stock insurers Mutual Insurers Reciprocal insurers Capital stock | Free surplus Basic surplus | Free surplus Basic surplus | Free surplus Life $300,000 $150,000 $300,000 $150,000 ….. ….. $650,000 …

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… ws: Kind or kinds of insurance Stock insurers Mutual Insurers Reciprocal insurers Capital stock | Free surplus Basic surplus | Free surplus Basic surplus | Free surplus Life $300,000 $150,000 $300,000 $150,000 ….. ….. $650,000 $350,000 $650, …

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… nds of insurance Stock insurers Mutual Insurers Reciprocal insurers Capital stock | Free surplus Basic surplus | Free surplus Basic surplus | Free surplus Life $300,000 $150,000 $300,000 $150,000 ….. ….. $650,000 $350,000 $650,000 $350,000 H …

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… ce Stock insurers Mutual Insurers Reciprocal insurers Capital stock | Free surplus Basic surplus | Free surplus Basic surplus | Free surplus Life $300,000 $150,000 $300,000 $150,000 ….. ….. $650,000 $350,000 $650,000 $350,000 Health 300,000 …

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… ers Mutual Insurers Reciprocal insurers Capital stock | Free surplus Basic surplus | Free surplus Basic surplus | Free surplus Life $300,000 $150,000 $300,000 $150,000 ….. ….. $650,000 $350,000 $650,000 $350,000 Health 300,000 150,000 300,00 …

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… 5 years after such date continue to be so authorized while possessing paid-in capital stock (if a stock insurer) or surplus (if a mutual insurer) as required for such authority immediately prior to such date. The Commissioner shall not autho …

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