381.062. Establishment and maintenance of minimum paid-in capital and paid-in initial surplus necessary for insurance business license.
Establishment and maintenance of minimum paid-in capital and paid-ininitial surplus necessary for insurance business license.
381.062. Any title insurer authorized to do an insurance business inthis state shall establish and maintain a minimum paid-in capital of notless than four hundred thousand dollars and, in addition, surplus of atleast four hundred thousand dollars. Beginning January 1, 2013, any titleinsurer authorized to do an insurance business in this state shallestablish and maintain a minimum paid-in capital of not less than eighthundred thousand dollars and, in addition, surplus of at least eighthundred thousand dollars.
(L. 2000 S.B. 894, A.L. 2007 S.B. 66)Effective 1-01-08