A reciprocal insurer may be authorized to engage in the insurance business if the reciprocal insurer meets the requirements of this section and is otherwise in compliance with the applicable provisions of this article. To write assessable policies, a reciprocal insurer must have surplus funds of not less than: $375,000 for one kind of insurance business; and $750,000 for two or more kinds of insurance business. To write nonassessable policies, a reciprocal insurer must: have surplus funds of not less than: $750,000 for one kind of insurance business; and $1,500,000 for two or more kinds of insurance business; and comply with the deposit requirements of § 4-106 of this article.