# Insurance (GIN)

## Title 26. Motor Clubs

### Subtitle 2. Licenses

#### Section 26-202

(a) To qualify for a license to engage in the business of a motor club, a motor club with capital stock must have and maintain:

  (1) paid-in capital stock with a fixed nominal or par value in an amount not less than $5,000; and

  (2) surplus in an amount not less than $10,000.

(b) A motor club formed under the laws of the State without paid-in capital stock shall have and maintain unencumbered assets, in addition to required reserves and other liabilities, in an amount equal to that required under subsection (a) of this section.

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Md. Code Ann., Ins. (as displayed at mgaleg.maryland.gov, October 16, 2026)