Search NAIC

Life, Disability and Life and Disability
Paid up Capital Stock or Basic Surplus - $1,000,000
Additional Surplus - $1,000,000
Property, General Casualty, Marine and Transportation, Vehicle and Surety
Paid up Capital Stock or Basic Surplus - $1,000,000
Additional Surplus - $1,000,000
Any two of the following kinds of insurance: Property, marine & transportation, general casualty, vehicle, surety, disability.
Paid up Capital Stock or Basic Surplus - $1,000,000
Additional Surplus - $1,000,000
Multiple lines (all insurance except life and title insurance)
Paid up Capital Stock or Basic Surplus - $1,000,000
Additional Surplus - $1,000,000
Mortgage guaranty insurance
Paid up Capital Stock or Basic Surplus - $1,500,000
Additional Surplus - $1,500,000

If authorized for Managed Care only, minimum capital and surplus may be determined by §41-3905(8) and IDAPA 18.01.26.

** If authorized for Limited Managed Care Plan, minimum capital and surplus may be determined by § 41-3905(2).

§ 33-2-109 and 33-2-110 (statute reference) http://leg.mt.gov/bills/mca/33/2/33-2-109.htm and http://leg.mt.gov/bills/mca/33/2/33-2-110.htm
Life                                                        $600,000
Disability                                               $500,000
Life and disability                                  $750,000
Credit and disability                              $150,000
Property                                                $500,000
Marine                                                   $500,000
Casualty All lines, except
Workers’ Compensation                        $500,000

All lines, including
Workers’ Compensation                        $750,000
Surety                                                    $500,000
Title                                                        $500,000

Multiple Lines, two or more of
property, marine, casualty, or surety      $1,000,000
Instructions:
Amount is calculated using the table based on lines of authority approved in your domestic state.

• Stock Companies writing Life or P&C lines/Neb Rev Stat 44-214/to begin transacting must have at least $1 million in capital stock and $1 million in surplus, thereafter the $1 million in capital must be maintained (“unimpaired”). This is also subject to the Risk Based Capital Act.  Double the amounts if company is writing both life and P&C lines.
• Mutual Companies writing Life or P&C lines/Neb Rev Stat 44-219/must have and maintain at least $1 million in surplus. This is also subject to the Risk Based Capital Act.  Double amount if company is writing both life and P&C lines.
• Title Companies/Neb Rev Stat 44-1985/Same amounts as stock companies but not subject to Risk Based Capital Act.
• Variable Annuity Companies/Neb Rev Stat 44-2202/To begin transaction must have at least $2 million in capital and surplus, thereafter, surplus must be maintained of at least $1.5 million.

Required Capital & Surplus – NRS 680A.120 an insurer shall possess and thereafter maintain unimpaired paid-in capital stock, if a stock insurer, or unimpaired basic surplus, if a mutual or a reciprocal insurer, and free surplus not less than 100% of the minimum required capital stock or minimum required basic surplus, and when first so authorized shall possess initial free surplus.

Stock and Foreign Mutual Insurers $500,000 minimum required capital stock.
Stock and Foreign Mutual Insurers $1,000,000 initial free surplus (all lines except title and financial guarantee).

Dollar Amount/Code Citation:
Property: Refer to Article 41 of the NY Insurance Law, surplus and capital will vary based upon the lines of business written.
Life:
$2,000,000 paid in capital
$4,000,000 paid in initial surplus
§ 4202 of the N.Y. Ins. Law
Health:
Minimum Capital
§ 1113(a)(3)(i) of the N.Y. Ins. Law
Paid in Capital $200,000
Paid in Surplus 100,000
Total: $300,000

§ 1113 (a)(3)(i) and 3(ii) of the N.Y. Ins. Law
Paid in Capital $300,000
Paid in Surplus $150,000
Total: $450,000

Instructions: A company may write "legal services insurance" if licensed for any of the above lines with no additional capitalization.
Note: A higher amount of surplus may be required based upon a review of the Company’s Plan of Operations and Financial Projections.

Expansion Apps:
NCGS 58-7-75, NCGS 58-16-5(2)
Life and/or annuity:
$600,000 capital
$900,000 surplus
Accident and health:
$600,000 capital
$900,000 surplus
Life, accident and health:
$1,200,000 capital
$1,800,000 surplus
Mutual life, accident and health insurance company:
Must have at least $500,000 surplus.
Fire & marine:
$800,000 capital
$1,200,000 surplus
Casualty: 
$1,000,000 capital
$1,500,000 surplus
Multiple line fire and casualty:
$1,800,000 capital
$2,700,000 surplus
Mutual multiple line fire and casualty insurance company:
Must have at least $1,800,000 surplus.

NCGS 58-15-65. A reciprocal insurance exchange must have at least $2,000,000 surplus to write nonassessable policies.

Corporate Amendments App:
See North Carolina General Statute 58-7-75.

§ 3.090 of the Insurance Code of Puerto Rico-Funds required from insurers.
‘’To qualify to receive the authority to transact any kind of insurance, an insurer must have and hold paid-in capital or surplus stock in an amount which shall not be less than what appears in the applicable portion of the following schedule:
                                        Stock, mutual,         Reciprocals                
                                        or cooperative         or Lloyd's Surplus                     
                                        insurers Capital       required            
                                        or surplus                         
                                        required                         
Kind of Insurance           surplus                                                                                                   
Life                                  $1,500,000               Not applicable    
Life and disability            $2,500,000               Not applicable    
Disability                         $1,000,000               $1,000,000     
Property                          $2.000,000               $2,000,000      
Agricultural only              Must qualify for                            
                                        property                                 
                                        insurance                                
Marine and Transport      $1,500,000              $1,500,000      
Casualty                          $2,000,000              $2,000,000      
Vehicle only                     $1,500,000              $1,500,000      
Surety and fidelity            $1,500,000              $1,500,000      
Title                                  $1,500,000              Not applicable    
Mortgage loans                $3,000,000              Not applicable    
All insurance except life   $3,000,000              $3,000,000      
and mortgage loans                                                                

The Commissioner may increase the aforementioned requirements as may be determined by the economic condition of the country up to the amount he deems necessary for the adequate protection of the interests of the insured and the creditors of the insurer.’’

For more information see state specific requirements.