# Insurance (GIN)

## Title 8. Entities That Act as Insurers

### Subtitle 4. Fraternal Benefit Societies

#### Section 8-413

(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.

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