Source: https://www.scribd.com/document/91686576/Industry-Ucaa-Chart-Min-Capital-Surplus
Timestamp: 2017-03-26 17:51:32
Document Index: 475292320

Matched Legal Cases: ['§ 27', '§ 20', '§ 10510', '§10', '§ 700', '§ 511', '§38', '§ 31', '§ 31', '§ 31', '§ 431', '§ 431', '§33', '§41', '§ 41', '§ 19', '§410', '§ 4', '§60', '§44', '§44', '§44', '§ 33', '§44', '§44', '§ 1113', '§ 4202', '§ 1113', '§610', '§611', '§612', '§612', '§27', '§27', '§ 910', '§27', '§389', '§ 386', '§ 38', '§ 38', '§ 38', '§33', '§ 38', '§ 38']

BrowseInterestsStay InformedCareerPersonal GrowthFiction & BiographiesHealth & FitnessLifestyleCultureBrowse byBooksAudiobooksNews & MagazinesSheet MusicBrowse allUploadSign inJoinSTATUTORY MINIMUM CAPITAL AND SURPLUS REQUIREMENTS The chart below identifies the minimum capital and surplusrequirement for each Uniform State. It also provides a contact person or a link to a state specific format or RBC requirements and instructions.  = This information has been updated by the state department of insurance. State AL Dollar Amount/Code Citation § 27-3-7 and 27-3-8 Code of Alabama, as amended. Contact Primary & Expansion Apps: Richard L. Ford (334) 241-4151 Richard.ford@insurance.alabama.gov Instructions Amount is calculated using table in statute based on lines of authority approved in domestic state.
Corporate Amendments App: Ann Strickland (334) 241-4154 ann.strickland@insurance.alabama.gov AS 21.09.070 and 3 ACC 28.050 for companies writing Primary & Expansion Apps: variable lines of business. Douglas Hartman (907) 269-7906 douglas.hartman@alaska.gov Corporate Amendments Apps: Jeff Bodine (907) 465- 4609 jeff.bondine@alaska.gov
A.R.S. § 20-210 through 20-212 Mortgage Guaranty Prepaid Legal Title A.R.S. 20-1541 A.R.S. 20-1097 A.R.S. 20-1561
Cary W. Cook Insurer Licensing Manager (602) 364-3986 ccook@azinsurance.gov
and indicate applicant's capital and surplus is higher than the minimum determined.8 million.02 and 700.S.state. (§ 10510.co.co.akers@dora.us
Indicate the results of the three calculations. select the highest. 23-63-205 and 23-63-207
Contact Primary & Expansion Apps. Please contact state directly if you have questions.
Life & disability: Both statutory minimum paid-in capital & statutory minimum surplus are $2.mcclinton@dora.) Commissioner has discretion to require aggregate capital & surplus above statutory minimums prior to admissions.6 million and minimum surplus is between $1 to $2. Finance Division Market Analyst/Admissions Coordinator (501) 371-2680 kimberly.5 million. Code Ann.State AR
Dollar Amount/Code Citation Ark.state. Johnson.05. 10 times the highest net single risk insurance (for Property and Casualty only). C.
Primary & Expansion Apps: Raymond Akers Financial/Credit Examiner (303) 894-7836 raymond. 10512 and 700.01-700. The greater of: The statutory minimum in §10-3-201. 10511.05)
Commissioner has discretion to require aggregate capital & surplus above statutory minimums prior to admission. (§ 700.scott@arkansas.
. Kimberly S. Terry Scott. Corporate Affairs Section (303) 894-2151 annie.gov
Statutory minimum paid-in capital is between $1 to $2. Three times the Authorized Control Level of the RBC Results.johnson@arkansas. Legal Division (501) 371-2820 terry.us Corporate Amendments App: Annie McClinton.gov Corporate Amendment Apps.R.
Mutual & Reciprocal Insurer Capital Stock $300. C.ct.financial@po.000 Free Surplus $150.000 Free Surplus $175.speight@state.000 Marine & Transportation Stock.000 Dorothy Speight (302) 674-7344 dorothy. § 511(a)] Life Stock & Mutual Insurer Capital Stock $300.000 Health Stock.000 Free Surplus $200.000 Life & Health Stock & Mutual Insurer Capital Stock $350.State CT
Dollar Amount/Code Citation Contact Specific to the lines of business to be transacted (C.us
.000 Free Surplus $150.G.000 Property Stock.state.000 Free Surplus $150. Mutual& Reciprocal Insurer Capital Stock $300.de. Company Licensing Section §38a-72).us See Connecticut's State-Specific Information in the State Charts for specific amounts.000 Casualty Stock. Mutual & Reciprocal Insurer Capital Stock $350. [18 Del. Mutual & Reciprocal Insurer Capital Stock $400.S. (860) 297-3814 ctinsdept.000 Free Surplus $200.
5 million or 10% of insurer’s total liabilities (F.407) Life and Health Insurers – greater of $2. Supervisory Insurance Examiner DC Code § 31-4408 and § 31-4501.000 Free Surplus $125.000).5 million or 4% of the insurer’s total liabilities (F. Title. 624. (202)442-7785 nathaniel.000.parker@dc. plus Surplus-50% of Nathaniel Brown Capital). Mutual & Reciprocal Insurer Capital Stock $300. Mutual & Reciprocal Insurer Capital Stock $500.000. Surety. 624.Denise Parker $300.000 Free Surplus $250.000.gov Property and Casualty Insurers – greater of $5 million Applications Coordinator or 10% of total liabilities (F. 624.000 plus Surplus.com Exception: financial guaranty insurance requires the total policyholder surplus to exceed $100 million (F.)
Surety Stock.500. or Ocean Marine – greater of $2.S.407) Life Insurers – greater of $2.S.brown@dc.000 Free Surplus $150.000 Property & Casualty (Capital-$300.973(1)(a) Mono-line insurer. 624.gov Life (Capital-$1.S.DE (cont.407)
. Total $1.S.5 million or 4% of the insurer’s total liabilities plus 6% of the insurer’s liabilities relative to health insurance (F. Total $600.S. 627. 000.13 (202)442-7815 denise. Insurance Licensing Specialist DC Code § 31-2502.000 Multiple Line Stock.000 Title Stock Insurer Capital Stock $250.407) (850) 413-2570 appcoord@floir.
(§ 431:3-208 HRS)
Applications Coordinator (404) 651-6824 Dwight Hamamura.000.000.000 Additional Surplus .000 Additional Surplus .gov Paid up Capital Stock or Basic Surplus .hawaii. vehicle. Chief Examiner Ph: (808) 586-7383 Fax: (808) 586-3873 DHamamur@dcca.000 Additional Surplus .$1.S.000.000 Additional Surplus .000
Primary & Expansion Apps: Carol Anderson Technical Records Specialist (208) 334-4309 and carol.-3-6 and 33-3-7 Depends on the line of business to be transacted (§ 431:3-205.000 Additional Surplus .$1.000.gov
Life. 632.$1. §33.gov
Corporate Amendments App: Jean Chang Any two of the following kinds of insurance: Property. Bautista.idaho. Minimum Capital and Surplus of $3.000 O.C.$1. Fax#: (808) 586-3873 sbautista@dcca.$1.000 Mortgage guaranty insurance Paid up Capital Stock or Basic Surplus .$1.000.$1.A.000.$1.$1.500.gov Sally D.418). 624. jean.FL (cont)
GA √HI
Fraternal Benefit Society – Florida Statutes require that the society must not be in unsound financial condition or use methods or practices that are hazardous or injurious to policyholders or the public (F.500. Vehicle and Surety Paid up Capital Stock or Basic Surplus . Marine Transportation. general casualty.hawaii. General Casualty. disability. Disability and Life and Disability Paid up Capital Stock or Basic Surplus .chang@doi. (208)334-4311 surety.S.idaho. HRS).G.$1.000.000 Property.000.000 Multiple lines (all insurance except life and title insurance) Paid up Capital Stock or Basic Surplus . Insurance Examiner (808) 586-7414. Examinations Section marine & transportation.anderson@doi.633 and F.000.000
000 Surplus $1.000 Deposit $1.000.500.gov Mutual – Life Capital N/A Surplus $2. Primary & Expansion App: Stock – Life Capital $1.000 (For limited authority capital and surplus levels see 215 ILCS 5/13) (Note: Minimum surplus to be maintained.000.credi@illinois.000 Deposit $1. minimum capital and surplus may be determined by §41-3905(8) and IDAPA 18.000 (217) 785-8155 Deposit $1. ** If authorized for Limited Managed Care Plan.000. minimum capital and surplus may be determined by § 41-3905(2).26.ID (cont)
If authorized for Managed Care only.gov
Mutual – P&C Capital N/A Surplus $2.000 Deposit $1.01.500.000.000 Stock – P&C Capital $1.savage@illinois.000 etta.000)
. $500.500.500.000
Marcy Savage (P&C) (217) 524-0016 marcy.000 Etta Mae Credi Surplus $1.000.000.
000 $900.000 or risk-based capital (Iowa Code (515) 281-4423 508.200.000 $600.000 $400.500.in.000* N/A $1.P&C
Stock – Life
Corporate Amendments App: Dale Hubbell Compliance Analyst (785) 296-3989 dhubbell@ksinsurance.5 and 515.8) nancy.gov Corporate Amendments App: Mary Ann Williams (317)232-5692 mawilliams2@idoi.000 $400.org
Mutual .iowa.000.000* N/A $1.
.000* $600.P & C Capital Surplus Deposit Capital Surplus Deposit Capital Surplus Deposit Capital Surplus Deposit $900. Examiner Primary & Expansion Apps: Greater of $5.org
* Market value of securities that must be held for the protection of all company’s policyholders or creditors.000 Primary & Expansion Apps: Mark Owens Admissions Coordinator (785) 296-5350 mowens@ksinsurance. or both.in.IN
IC 27-1-6-14 IC 27-1-6-15 IC 27-13-12-3 IC 27-7-3-5 IC 27-13-34-16
Stock Mutual HMO Title LSHMO
Primary & Expansion Apps: Cindy Donovan (317) 232-2408 cdonovan@idoi.gov
Nancy Ferguson.000 $900.000 $600.ferguson@iid.gov Stock .
Corporate Amendments Apps: Gina Metts All HMOs must have a minimum capital stock of (502) 782-5298 $1. See KRS 304.l.state.000 plus an initial free surplus of $2.3-120. and 4-105 of the Insurance Article of the Annotated Code of Maryland and in § 19-710 of Article Health-General of the Annotated Code of Maryland.macullar@state.mullins@ky.garboski@maine.
Please see Massachusetts' State Specific Information in Robert C.000.ma.state.us
Depends on line of business to be transacted (Title 24-A M.la.la. holly.000. gina.000.38-070.us Cindy Sarvis (225) 219-4318 csarvis@ldi.000.000. Please see Louisiana's State Specific Information in the Mike Boutwell State Charts for more information.: Holly Mullins Admission Coordinator (502)782-5247 Fax: (502)564-4604 All foreign mutual life/health.us Barbra Garboski (207) 624-8489 barbra.R.000 plus an initial free surplus of $2.000 plus an initial free surplus of $2. Paul Place. Macullar the State Charts for more information.gov See KRS 304.000.3-120. property/casualty.KY
All foreign stock life/health and property/casualty must have a minimum capital stock of $1. §410) Minimum capital and surplus requirements are set forth in § 4-103. 4-104. Suite 2700 Baltimore.metts@ky. MD 21202-2272 (410)-468-2156 (410)-468-2112 (Fax) cragone@mdinsurance. See KRS 304. Supervising Examiner (617) 521-7398 robert.us
.S.gov reciprocal and Lloyd's insurers must have a minimum basic surplus of $1.000.md.
Primary and Expansion Apps.000. (225) 219-0620 mboutwell@ldi.state.000. Ragone Company Licensing Analyst Maryland Insurance Administration 200 St.gov Conrad A.A. See Maryland’s State-Specific Information in the State charts for more information.
000 capital and $75.mn. See State Website
.5 million (MCL 500. Accident & Health Insurance Companies and Stock Property & Casualty Insurance Companies: Single Line – $400.000 capital and $900. CFE Chief Examiner 601-359-2136 Chad.000 surplus (MCA 83-21-3(2) and MCA 83-19-31(1)) Mutual or Reciprocal Companies: MCA 83-21-3(2) and MCA 83-19-31(1)(d) Title Companies: $150.000 surplus (MCA 83-15-5) Prepaid Legals: MCA 83-49-23 Fraternal Societies: MCA 83-29-29 and MCA 83-3057 Health Maintenance Organization: MCA 83-41-325 Primary & Expansion Apps: Chad T.us Stock Life.us
Minimum amounts required could increase at the discretion of the Commissioner to comply with MCL 500.MI
$7.state.000 surplus Multi-line .410(2) and (3))
Supervisory Affairs & Insurance Monitoring Division (517) 373-0246
Specific to lines of business to be transacted (MN Stat Susan Porter §60A .ms.000 capital and $600.Bridges@mid.$600.porter@state.403. Bridges.07) (651) 296-6907 sue.
Amount is calculated using the table based on lines of authority approved in your domestic state. Sindelar.000 $500. Also subject to Risk Based Capital Act §44-60 Title §44-1985 Same as stock except no RBC
Russ Ehman (406) 444-4350 rehman@state.) Lynn Nannen Mutual §44-219 Staff Assistant Life lines or P&C lines (double amounts if writing both Examination Division Life and P&C) (402) 471-4045 lynn. Corporate Amendments Apps: Also.nannen@nebraska.000 Multiple Lines.us/services/legal/laws. except workers’ compensation $600. must have capital of at Company Administrator Nebraska Department of Insurance least $1 million and surplus of at least $1 million.mt. Life Disability Life and disability Credit and disability Property Marine Casualty All lines.state. two or more of property.sindelar@nebraska.gov Must maintain surplus of at least $1 million.000 $500. subject to Risk Based Capital Act C (Ms.000 $750. capital must be maintained (“unimpaired”) terry. (402) 471-0373 Thereafter.MT
§ 33-2-109 and 33-2-110 (statute reference) http://leg. marine.gov of at least $1million.000.000 $500.000 Title $500.000 Stock §44-214 Primary & Expansion Apps: Life lines or P&C lines (double amounts if writing both Terry A.000 Surety $500.htm. casualty.mt.000 $500.
All lines.000 $150. including workers’ compensation $750. CFE Life and P&C Assistant Chief Examiner To begin transacting insurance. or surety $1.
phelan@dobi.S. 401:5.nm.nh.nj.000. Section 59A-5-16 NMSA 1978
Minimum paid-in basic capital.Asare@dobi.cygan@ins.nh.verville@ins.000 in combined capital and Mary Verville surplus.
.NE (cont)
√NV
Variable annuities §44-2202 To begin transacting variable annuity business. and in aggregate required for volume of business (in premiums) during the previous calendar year. See StateSpecific Information on State Chart for more complete information. Thereafter. must have capital and surplus totaling at least $2 million.000 Capital Rosemary Cavin $1.A.us
N.J.nv. (RSA 401:4. 17:17-6 and 17B:18-68
SCHEDULE I.state. surplus must be maintained of at least $1. general and special statutory deposits and additional basic capital and deposits cumulatively required for added kinds of insurance.gov Corporate Amendments App: Diane Cygan (603) 271-2241 diane. 50068 Kwame.us Alan Seeley (505) 827-4307 alan.5 million.state.us Life/Health Adelaide Phelan (609) 292-5427 x 50328 adelaide.seeley@state.000. $500.state. and 405:4) (603) 271-2241 mary. 405:2. initial surplus.000 Surplus (775) 687-0700 rcavin@doi.nj.us New Hampshire requires that all insurers have a Primary & Expansion Apps: minimum of $1.gov Non Life/Health Kwame Asare (609) 292-5350 ext.
gov Life Eugene Murphy 212-480-5041 eugene. Law Paid in Capital $300.√NY
Dollar Amount/Code Citation Property Property Stock Property/Casualty Company Requirements Life $2.000.000
Property Warren Youngs Financial 518-474-7495 warren. Ins. Ins.net $900.lovejoy@dfs.000.Y.000 paid in capital $4.gov Health Charles Lovejoy (212) 480-5045 charles.000 Paid in Surplus 150. Law Health Minimum Capital § 1113(a)(3)(i) of the N.000 Paid in Surplus 100.000 paid in initial surplus § 4202 of the N.ny.000 § 1113 (a)(3)(i) and 3(ii) of the N. 239 Life and/or annuity: $600.000 surplus Corporate Amendments App:
.000 Total: $450.
A company may write "legal services insurance" if licensed for any of the above lines with no additional capitalization. Note: A higher amount of surplus may be required based upon a review of the Company’s Plan of Operations and Financial Projections Primary & Expansion Apps: Primary & Expansion Apps: Anne Morgan Company Admissions Officer NCGS 58-7-75. Law Paid in Capital $200.Y. Ins.ny.ny.murphy@dfs.Y.000 capital amorgan@ncdoi.000 Total: $300.youngs@dfs.gov
Capital and surplus requirements are based upon the lines authority approved in domestic state. NCGS 58-16-5(2) (919) 733-5633 ext.
Corp.(cont)
$600.000.000 surplus.000 surplus Mutual multiple line fire and casualty insurance company: Must have at least $1.
Brenda Young. Corporate Amendments App: See North Carolina General Statute 58-7-75.000 capital $1.000 capital $900.000 surplus.200.000 surplus Casualty: $1. Fire & marine: $800.000. accident and health insurance company: Must have at least $500. accident and health: $1.000 surplus Multiple line fire and casualty: $1.000 surplus Life.800.000 capital $1. NCGS 58-15-65 A reciprocal insurance exchange must have at least $2.000 surplus Mutual life. (919) 424-6276 byoung@ncdoi.000 capital $1.800.500.800.700.200. Records Admin.com
.000 surplus to write nonassessable policies.000 capital $2.
Prepaid Legal To be determined on individual basis: Working capital adequacy Surety bond or deposit of cash or securities 26. is equal to the highest min. 26.gov
Mutual Surplus $ 500.1-11-01.
Primary & Expansion: Gary W. 26.burchfield@insurance. must have at least $1mil. P&C companies: $2.500.500.02.ohio. contributed surplus.1-19-06 Life.000 500.ND
Stock Capital $ Surplus $ 26.1-12 $ 1.000 min.000 500.1-18. or $10. 5.000.011. paid-in capital and $1mil.000
Financial Analyst (701) 328-9613 hdelorme@nd. The aggregate minimum amount of capital and surplus for P&C co.05 and 3909.000.1-12-08.C.1-05-04
500. amount as determined by the lines of business.1-20-02 HMO Initial net worth: 26.C.000.R. Minimum amounts for various lines of business are
Stock life and stock P&C co. 3907. 26.000 26. O. Accident and Health companies: $2.1-12-10 Title Stock Company Capital Surplus Mutual Company Surplus: 26.000 min.000
500. 3929.000
500. O.R.1-11-01. Burchfield Office of Risk Assessment (614) 728-1074 gary.000.
000.or. dental or vision only) $1.gov Linda Rothenberger (503) 947-7227 linda. except O. Generally: $2.000 (ORS 731.
A domestic insurer applying for its original certificate of authority shall possess $500.R.000.562) Healthcare Service Contractors $2.OH (cont)
Title insurance companies: $300. investment of required capitalization.000. A healthcare service contractor applying for its original Certificate of Authority in this state shall possess $500. (ORS 731.554(1)) Must comply with ORS 733.500.554(3)) Home protection: $250. in addition to the above amounts.1.chase@insurance.000 (ORS 750.500.500. requires $2.045(3) (a))
Corporate Amendment Apps: Beth Chase Office of Risk Assessment (614) 644-2648 beth.000. Workers’ compensation: $5.
.rothenberger@state.000 in addition to the above amounts (ORS 750.gov Jeanette Pearce Administrative Assistant Oklahoma Insurance Department (405) 521-6651 Fax (405) 522-2640 Jeanette.045 (4)).1.000 min.554(2)) Mortgage: $4.000 .000.000.C.S.03(E)(2) O.580.ok.000.05.ohio.000 when writing or issuing Non-Cancelable or Guaranteed Renewable Contracts.S.S.j. 36 §610 §611—all lines of business $1. 3953.554(4)) Title: $2.000 (ORS 750.000 when writing Workers' Compensation. in addition to the above amounts.000. Home Warranty companies: O.R.C. A home protection insurer shall possess $10.000 (ORS 731.551(5)). 36 §612.000 (ORS 731.045) Limited Healthcare Service Contractors (complementary. 36 §612. 3957.000 (ORS 731. O.pearce@oid.000 capital or surplus.000.us
NOT added together.2 requires $5. or any combination thereof (ORS 731. O.500.
pa. Laws §27-2-17(a).000.johnson@state.sc.I. insurance company to have greater capital and surplus than that required by §27-2-5.gov Title: 40 P. Statutory requirements outlined in S.us Corporate Amendments App: Luann Johnson (605) 773-3563 luann. RI 02920 (401) 462-9612 mdimaio@dbr. § 910-5 Capital and surplus requirements can be viewed at: Capital and Surplus Requirements on: http://www. Company Licensing Division defined by:.000 of paid-in capital stock and $2. Chief Financial Analyst (803) 737-6109 tcampbell@doi.gov Primary & Expansion Apps: Charlene Squires Keller (605) 773-3563 Charlene.us
Expansion App: Capital and surplus requirements are based upon the types or classes of insurance the applicant is authorized to transact in its state of domicile.insurance. Gen.us
An applicant must have the higher of the capital and surplus required by South Dakota or the state of domicile as applied to a like South Dakota company. Property. Note: Pursuant to R.000 of surplus.I. Law) §27-2-5 stipulates that a foreign stock life and health (L&H) or property and casualty (P&C) company have and maintain at least $1. 69-2 Cranston. (717) 787-2735 rbrackbill@pa.sd. foreign company minimum capital and surplus obligations are retaliatory if the company’s state of domicile would require a R. and that a foreign mutual L&H or P&C company must have at least $3. Code Ann. §389-10 (stock companies) or 38-9-20 (mutual companies) or the statutory requirements of the applicant's home state.C. whichever is greater. Bldg.000.I.gov Life.squireskeller@state.000 of total surplus.S.gov/portal/server. Gen.
.pt/community/doing_business_in_the_commonwealth/9264 Expansion App: Rhode Island General Law (R.state.sd. SDCL 58-6-23 Matt DiMaio Principal Licensing Insurance Examiner Rhode Island Insurance Division 1511 Pontiac Avenue. & Casualty: or 40 P.√PA
Dollar amount is specific to line(s) of business as Chief.000.S.
Tim Campbell. § 386 ra-in-company@pa.ri.
Analyst Property and Casualty $1 Million in capital stock and $1 million in paid in (615) 741-1670 surplus pursuant to TCA 56-2-115 phil.us
Life.054.us Life and Health $700.000. and Property and Casualty Eric Showgren Manager Company Licensing & Insurers Adminstration Five Years or less in Business: (8 years in business (801) 537-9174 minus up to five) times (greater of minimum capital.)
.000 in paid in Susan French.gov permanent surplus. pursuant to TCA 56-35-112(a) Jeff Hunt.french@tdi.TN
Phil Adams.000 in capital stock and $700.5 Million in capital stock and $2. or RBCacl. Accident & Health.5 Million in paid in Company Licensing and Registration surplus (Chapter 822.tx. permanent surplus.hunt@tdi.tx. Team Coordinator/ surplus (Chapter 841. Texas Insurance Code) (512) 305-7293 or (512) 322-4370 Fax: (512) 322-3550 jeff. Texas Insurance Code) Company Licensing and Registration (512) 305-7203 or (512) 322-3507 Fax: (512) 322-3550 susan. Admissions Officer/ Property and Casualty $2.state.000 Capital stock and aggregate capital stock and surplus of $500.adams@state.us Life $1 Million in capital stock and $1 million in paid in surplus pursuant to TCA 56-2-114 (a) and TCA 56-2115 Mutual $2 Million in surplus pursuant to TCA 56-2-114 (a) and TCA 56-2-115 Title $100. eshowgren@utah.tn.state. or RBCacl.) More than Five but less than ten: Three times the greater of minimum capital.054.
ware@scc.000. or alternate adjusted capital. permanent surplus.) Monoline Mortgage Guaranty.000. permanent surplus.000 Mutual co surplus $5.2-1029) Nonassessable Mutual Insurers Surplus $4.000 Stock Insurers Capital Stock $1.2-1030)
Company Licensing (802) 828-2470 complic@bishca.000 surplus $3.us
No Surplus Notes
Jim Ware. or alternate adjusted capital.gov
For licensing purposes.000.000 above the statutory minimums. or RBCacl.UT (cont)
Ten or more years: Three times the greater of minimum capital. permanent surplus. or Title Insurers Five Years or less in Business: (8 years in business minus up to five) times (greater of minimum capital.000.) More than Five but less than ten: Three times the greater of minimum capital. Senior Financial Analyst Company Licensing and Regulatory Compliance (804) 371-9801 jim. permanent surplus.vt.) Ten or more years: Three times the greater of minimum capital. Financial Guaranty. capital $2.2-1028) Assessable Mutual Insurers Surplus $1.000.000 (§ 38.000 (§ 38.000.state.000 Surplus $3.600.000 (§ 38.
(Utah Article 31A-5-211) Traditional stock co.virginia. or alternate adjusted capital. applicants should have an additional amount of surplus (excluding capital stock) of at least $500.
Ins 51. or surplus. 623. 611. Ref: 618. 623. Office of the Commissioner of Insf.S. Code §33-3-5b) Minimum Capital and Surplus required is the greater of $3 million or percentage of prior 12 months premium.gov Linda Johnson (307) 777-5619 linda.gov
Complete a Compulsory and Security Surplus Calculation Form from state web site and submit it with the application. of at least one million dollars. See Compulsory and Security Surplus Calculation Form from state web-site.wa.
Fully paid in capital stock. (608) 267-5297 tim.VA (cont)
Assessable Reciprocals Surplus $1.gov Corporate Amendments App: Susan Miller (360) 725-7212 susanm@oic.wa. if a stock insurer.gov
See Capital and Surplus requirements in the State Specific Chart located on the UCAA Web page. if a mutual insurer.vandehey@wisconsin.600.21(1)(a).11.2-1206) Nonassessable Reciprocals Surplus $4.000.2-1213)
RCW 48.conditions@wvinsurance.johnson@wyo. In addition.000 (§ 38.19.340
Primary & Expansion Apps: Gayle Pasero Company Licensing Manager (360) 725-7210 gaylep@oic. each insurer shall have and maintain additional surplus funds of at least one million dollars (W. Va.80 Wis Adm Code W.12 Wis Stats.05. 26-3-108
Financial Conditions Division (304) 558-2100 financial.gov
Tim VandeHey Insurance Financial Examiner-Advanced Bureau of Financial Analysis and Exam.
.000 (§ 38.
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