Notwithstanding the provisions of § 4–105 of this subtitle, a title insurer domiciled in this State shall have and maintain minimum surplus in the amount of:
(1) $500,000 as of July 1, 2010;
(2) $625,000 as of July 1, 2011; and
(3) $750,000 as of July 1, 2012, and each July 1 thereafter.
Structure Maryland Statutes
Title 4 - General Requirements for Insurers
Subtitle 1 - Certificates of Authority
Section 4-101 - Certificate of Authority Required; Exceptions
Section 4-102 - Qualifications of Insurers
Section 4-103 - Capital and Surplus Requirements -- in General
Section 4-104 - Capital Stock Requirements
Section 4-104.1 - Capital Stock Requirements --Title Insurer
Section 4-105 - Surplus Assets or Funds Required
Section 4-105.1 - Surplus Requirements -- Title Insurers
Section 4-106 - Deposit of Securities
Section 4-107 - Service of Process
Section 4-108 - Applications for Initial Certificate of Authority
Section 4-109 - Issuance or Disapproval of Initial Certificate of Authority
Section 4-110 - Contents of Certificate of Authority
Section 4-111 - Scope of Certificate of Authority
Section 4-112 - Term and Renewal of Certificate of Authority
Section 4-113 - Denials, Refusals to Renew, Suspensions, and Revocations
Section 4-114 - Cease and Desist Orders
Section 4-115 - Home Office; Location of Accounting Records and Assets
Section 4-116 - Annual and Interim Statements; Audited Financial Report
Section 4-117 - Notice to Third Party Claimant of Payment to Attorney
Section 4-118 - Qualified Independent Certified Public Accountants