(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.
Structure Maryland Statutes
Title 8 - Entities That Act as Insurers
Subtitle 4 - Fraternal Benefit Societies
Part II - Formation, Organization, and Authority to Do Business
Section 8-410 - Formation of Society
Section 8-411 - Articles of Incorporation of Society
Section 8-412 - Filing Requirements
Section 8-413 - Minimum Capital
Section 8-414 - Preliminary Certificate of Authority
Section 8-415 - Completing Organization of Society
Section 8-416 - Time for Completing Organization
Section 8-417 - Certificate of Authority
Section 8-418 - Constitution and Laws; General Powers
Section 8-419 - Amendments to Laws
Section 8-422 - Office; Meetings; Minutes
Section 8-423 - Term and Renewal of Certificate of Authority