House Status:
Senate Status:
Senate Status:
2024 Statute
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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). |
History: L. 1977, ch. 154, § 3; January 1, 1978. |
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2026. Powered by KLISS. Rendered: 2026-03-06T23:54:30. Head Rev No: 1485844(I)