20-1542. Capital and surplus


A. A mortgage guaranty insurance company shall not transact the business of
mortgage guaranty insurance unless:


1. If a stock insurance company, it has paid in capital of at least one million
dollars and paid in surplus of at least one million dollars.


2. If a mutual insurance company, it has a minimum initial surplus of two million
dollars.


B. A stock company or a mutual company shall at all times thereafter maintain a
minimum policyholders' surplus of at least one million five hundred thousand dollars.