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This entry was published on 2014-09-22
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SECTION 4206
Deposits by life, accident and health, and legal services insurance companies
Insurance (ISC) CHAPTER 28, ARTICLE 42
§ 4206. Deposits by life, accident and health, and legal services
insurance companies. Before being licensed to do business, every
domestic life insurance company, every domestic accident and health
insurance company and every domestic legal services insurance company
shall deposit with the superintendent at least one hundred thousand
dollars in securities eligible for deposits, except that every such
company initially licensed on or after July first, nineteen hundred
eighty-two shall make a deposit with the superintendent at least equal
to two hundred percent of the amount required hereinabove.