§ 8–413
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 8-413 (2026)
Title 8. Entities That Act as Insurers
Subtitle 4. Fraternal Benefit Societies
§ 8–413LinkCopy Citation
(a)
Each society that applies on or after July 1, 1968, for an initial certificate of authority under this subtitle must have working capital of at least $125,000.
(b)
After issuance of its initial certificate of authority, a society described in subsection (a) of this section shall maintain unencumbered assets that exceed all liabilities by $100,000.