Summary: When an insurer wishes to enter a state as an admitted company, certain capitalization requirements must be met. Some states also require that an insurer maintain an additional surplus of a certain dollar amount. This table outlines the initial capital requirements—surplus requirements for mutual companies—by line of insurance, as well as any additional surplus required. Where lines of insurance are grouped together, the amount of required capital/surplus applies to each line. Any deposits required to be made with the commissioner are also indicated. Citations to the states' codes appear in parentheses below the state name.

Some states vary the requirements depending on whether the insurer is a domestic company, a foreign company, or an alien company. Domestic companies are domiciled in the state; foreign companies in another state; and alien companies outside of the United States.

Alabama

(Code of Ala. §§27-3-7 and 27-3-11)

Life, Life & Disability: $800,000

Disability, Multiple Lines: $500,000

Property, Marine: $300,000

Casualty: $400,000

Surety: $350,000

Title: $200,000

The insurer must also deposit with the state treasurer the smaller of $100,000 or the minimum paid-in-surplus.

Alaska

(Alaska Stat. §21.09.070)

Life, Health, Property, Casualty (other than vehicle), Vehicle, Marine/Transportation, Surety, Legal Expense, and Mortgage Guaranty: Basic, $1 million; additional when first authorized, $1 million; additional to be maintained, $750,000.

Life and Health: Basic, $1.25 million; additional when first authorized, $1.25 million; additional to be maintained, $1 million.

Title: Basic, $500,000; additional when first authorized, $500,000; additional to be maintained, $250,000.

Any three lines: Basic, $3 million; additional when first authorized,$3 million; additional to be maintained, $2.25 million.

Arizona

(A.R.S. §§20-210, 20-213)

Arizona breaks down its capital/surplus requirements by type of insurer. All of the following amounts apply to stock companies, mutual companies, and reciprocals. The only exception is that reciprocals may not write life or title insurance. Mutuals may not write title insurance.

Casualty, Marine/Transportation, Property, and Vehicle: Minimum capital stock/basic surplus, $600,000; initial free surplus,$300,000.

Disability, Life: Minimum capital stock/basic surplus, $300,000; initial free surplus, $150,000.

Disability and Life: Minimum capital stock/basic surplus, $400,000; initial free surplus, $200,000.

Surety, Multi-Line: Minimum capital stock/basic surplus, $1 million; initial free surplus, $500,000.

Title: Minimum capital stock/basic surplus,$500,000; initial free surplus, $250,000.

The following deposits (subject to a maximum of $500,000) must be made:

Domestic companies: an amount equal to the minimum stock/basic surplus amount.

Foreign companies: a certificate from the company's home state that the appropriate amount is on deposit there.

Alien companies: deposits in United States banks totaling the insurer's outstanding liabilities.

Life and disability companies: must deposit the greatest of:

1. The minimum required capital/surplus.

2. Two-thirds of their aggregate reserves.

3. Twenty-five percent of the previous year's earned premium.

Arkansas

(A.C.A. §23-63-205, 23-63-206, 17-19-205)

Life, Accident and Health, Life & Accident and Health, Casualty, and Surety: $750,000

Property, Marine: $500,000

Title: $250,000

Property, Casualty, Surety, and Marine: $750,000

For any other combination of lines, the surplus requirements are added together unless the Insurance Commissioner deems it sufficient for the applicant to possess and maintain $750,000 for the proposed combination of insurance lines. The following deposits must be made with the commissioner:

Life and/or Accident and Health (applicable only to domestic insurers): $100,000

Surety: 100,000

An additional $100,000 deposit is required for a bail-bond company.

California

(Cal. Ins. Code §§700.01 and 700.03)

The following amounts of capital/surplus are required:

Fire, Marine, Surety: $350,000

Disability: $250,000

Plate Glass, Boiler & Machinery, Burglary, Credit, Sprinkler, Team & Vehicle,

Aircraft, Miscellaneous: $100,000

Liability, Workers Compensation, Common Carrier Liability: $300,000 for any or all

Auto: $200,000

These amounts are subject to a minimum of $1 million and a maximum of $2.6 million. Renewal of an insurer's certificate of authority requires a surplus of 100 percent of minimum paid-in capital.

Colorado

(C.R.S. 10-3-201)

Colorado requires insurers to have the following amounts of capital or guaranty fund plus surplus:

Life, Fire, and Casualty: $1.5 million

Title: $750,000

Multi-Line: $2 million

Connecticut

(Conn. Gen. Stat. §38a-72)

Connecticut has different requirements for stock and mutual companies. For stock companies, the state requires an initial amount of capital and a continuing amount of paid-in surplus. Those amounts are indicated as CAPITAL/SURPLUS.

Stock Companies

Health, Liability, Fidelity and Surety, Workers Compensation, and Title: $500,000/$500,000

Life: $1 million/$2 million

Marine, Property: $500,000/$250,000

Mortgage Guaranty: $2 million/$2 million

Financial Guaranty:$15 million/$60 million

Mutual Companies (Surplus)

Health, Liability, Fidelity and Surety, Workers Compensation, and Title: $1 million

Life: $3 million

Marine, Property: $750,000

Mortgage Guaranty: $4 million

Financial Guaranty: $75 million

All of these amounts are subject to a maximum of $2 million/$2 million.

Delaware

(18 Del. C. §511)

The requirements are broken down by stock companies, mutual companies, and reciprocals. The capital stock and free surplus requirements are the same for each type of company, with these exceptions: mutuals have basic surplus instead of capital stock and may not write title insurance; and reciprocals may not write life, title or life and health insurance.

Life, Health, Property, and Surety: $300,000/$150,000

Life and Health: $350,000/$200,000

Casualty: $400,000/$200,000

Marine/Transportation: $350,000/$175,000

Title: $250,000/$125,000

Multi-Line: $500,000/$250,000

District of Columbia

(D.C. Code §31-2502.13)

Stock companies

Capital Stock: $300,000

Surplus: $300,000

Domestic Mutuals and Reciprocals

Surplus: $300,000

Foreign and Alien Mutuals and Reciprocals

Surplus: $400,000

Florida

(Fla. Stat. §§624.407, 624.408, 624.411)

A property and casualty insurer seeking a new authorization in Florida must have a surplus of $5 million; all others, $2.5 million. To maintain the certificate of authority, all insurers (except P&C) must have an additional surplus of $1.5 million. Property and casualty companies must maintain $4 million unless they are authorized to underwrite any line of residential property insurance. For the surplus schedule of residential insurers, see Florida Statutes Annotated §624.408.

Life/health companies must have a surplus equal to 4 percent of their total liabilities plus 6 percent of their health insurance liabilities. Life insurers must have a surplus equal to 4 percent of their total liabilities.

The following deposits must be made by domestic insurers with the insurance commissioner:

Casualty: $250,000

Other: $100,000 per line

Maximum: $300,000

The following deposits must be made by foreign insurers with the insurance commissioner:

Casualty: $150,000

All Other: $100,000 per line

Maximum: $200,000

If a foreign company has surplus of more than $10 million, no deposit is required.

Georgia

(O.C.G.A. §33-3-6)

All insurers must maintain $1.5 million in capital stock or surplus.

Hawaii

(HRS §§431:3-205 and 431:3-206)

The following amounts of capital or surplus are required:

Life: $600,000

Property: $750,000

Accident & Health or Sickness: $450,000

Surety, Marine & Transportation, Vehicle: $1 million

General Casualty: $1.5 million

Title: $400,000

New insurers must also possess bona fide surplus of not less than 50 percent of the required amount of capital.

Idaho

(Idaho Code §§41-313 and 41-316)

All lines of insurance require capital (surplus) plus additional surplus of $1 million/$1 million, except for the following: Title insurance, $500,000/$500,000; mortgage guaranty, $1.5 million/$1.5 million.

All insurers must also deposit $1 million with the director of insurance. Foreign insurers may present evidence of deposit in another state. Alien insurers may present evidence of deposits in United States public depositaries.

Illinois

(215 ILCS 5/13, 5/43, 5/66)

The following amounts of capital/surplus are required:

Domestic Stock Companies:

Life, Accident, Health, Legal Expense, Casualty, Fidelity, and Surety: $1 million/$1 million

Fire and Marine: $400,000/$600,000

Multi-Line: $1 million/$1 million

Minimum Surplus for Domestic Mutual Companies:

Life, Accident, Health, Casualty, Fidelity, and Surety: $2 million

Fire and Marine: $1 million

Multi-Line: $2 million

Minimum Surplus Requirements for Reciprocals:

Casualty, Fidelity, and Surety: $2 million

Fire and Marine: $1 million

Multi-Line: $2 million

Indiana

(Ind. Code Ann. §§27-1-6-14 and 27-1-6-15)

Stock companies: $1 million of capital is required, along with a deposit with the insurance department of 10 percent of its paid-in capital stock. A stock company must maintain an ongoing surplus of not less than $250,000.

Mutual companies: $2 million of initial surplus is required along with a deposit with the insurance department of not less than $100,000. A mutual company must maintain surplus of not less than $1.25 million.

These amounts vary depending on when the company was organized. See Indiana Annotated Code, §27-1-6-14 for details.

Iowa

(Iowa Code §§508.5, 508.8, 508.9, 508.12)

Stock Companies: Initial capital and surplus: $5 million.

Mutual Companies: Initial surplus: $5 million.

Kansas

(K.S.A. §40-1103)

All companies are required to have initial capital stock of at least $450,000 and to maintain surplus of $300,000.

Kentucky

(KRS §§304.3-120 and 304.3-140)

All companies must have initial paid-in capital stock of $1 million or maintain free surplus of $2 million. $1 million must be deposited with the commissioner. As a substitute for the $1 million, a certificate from another state showing at least $1 million on deposit for the protection of all policyholders may be used.

Louisiana

(La. R.S. 22:82, 22:112, 22:133, 22:801)

Stock Companies

Life, Health and Accident, and Life, Health and Accident: $100,000 of paid-in capital; $1.9 million of surplus; and $1 million of operating surplus.

Vehicle Physical Damage: $100,000 of paid-in capital; $1.15 million of surplus; and $1 million of operating surplus.

Title: $100,000 of paid-in capital; $400,000 of surplus; and $500,000 of operating surplus.

Industrial Fire: $200,000 of paid-in capital; $800,000 of surplus; and $1 million of operating surplus.

Vehicle, Liability, Workers Compensation, Burglary/Forgery, Glass, Fire and Allied Lines, Fidelity/Surety, Steam Boiler/Sprinkler Leakage, Crop/Livestock, Marine/Transportation: $650,000 of paid-in capital; $1.35 million of surplus; and $1 million of operating surplus.

Mutual Companies

Life, Accident and Health, Life and Health and Accident, Vehicle, Liability, Workers Compensation, Burglary/Forgery, Fidelity/Surety, Fire and E.C., Steam Boiler, Sprinkler Leakage, Crop/Livestock, and Marine/Transportation (except hull): $2 million initial minimum surplus and $1 million of operating surplus.

Title: $500,000 initial surplus and $500,000 of operating surplus.

Industrial Fire: $1 million initial minimum surplus; $1 million operating surplus.

All foreign companies must deposit $100,000 with the commissioner.

Maine

(24-A M.R.S. §410)

Life, Casualty, Marine/Transportation, and Surety: $1.5 million in capital stock (basic surplus) and $1.5 million of initial free surplus.

Health and Property: $1 million in capital stock (basic surplus) and $1 million of initial free surplus.

Life and Health, Multi-Line: $2.5 million in capital stock (basic surplus) and $2.5 million of initial free surplus.

Title: $500,000 in capital stock (basic surplus) and $500,000 of initial free surplus.

Life plus Property, Casualty, Surety, and Marine/Transportation: $5 million in capital stock and $5 million of initial free surplus.

These requirements apply to stock companies, mutuals, and reciprocal exchanges. The only exception is that reciprocals cannot write life or health.

Maryland

(Md. INSURANCE Code Ann. §4-104)

Life (including Annuities and Health): $1.5 million

Health, Property, Marine, Title, Casualty, Vehicle Liability, Workers Compensation, and Surety: $750,000

Massachusetts

(ALM GL Ch. 175, §48)

Accident and Health, Title: $400,000

Property, Fidelity/Surety, Steam Boiler, Sprinkler Leakage, and Vehicles: $200,000

Credit, Mortgage Guaranty, and Burglary: $200,000

Inland Marine: $300,000

Commercial Property and Life: $400,000

Michigan

(MCLS §500.408)

Stock Insurers Required Paid-in Capital:

Life, Disability (with some exceptions), Property & Marine, Automobile, and Casualty: $200,000

Life and Disability: $300,000

Surety & Fidelity: $250,000

Surety, Fidelity, Casualty: $450,000

Mutual Life Insurers Required Surplus:

Life: $200,000

Life and Disability: $300,000

Mutual Insurers Other Than Life Required Assets

Disability (with some exceptions), Property & Marine, Automobile, and Casualty: $50,000

Surety & Fidelity and Surety, Fidelity, Casualty: $250,000

Alien Insurers Required United States Assets

Life, Disability (with some exceptions), Property & Marine, Automobile, and Casualty: $200,000

Life and Disability: $300,000

Surety & Fidelity: $250,000

Surety, Fidelity, Casualty: $450,000

Reciprocal Insurers Required Assets

Disability (with some exceptions), Property & Marine, Automobile, Casualty, Surety & Fidelity, and Surety, Fidelity, Casualty: $50,000

Minnesota

(Minn. Stat. §§60A.06 and 60A.07)

Property, Marine, and Attorney Fees: $350,000 in capital stock (basic surplus) and $350,000 surplus.

Boiler, Burglary, Animal Mortality, and Elevators: $200,000 in capital stock (basic surplus) and $200,000 surplus.

Credit: $350,000 in capital stock (basic surplus) and $700,000 surplus.

Life: $1 million in capital stock (basic surplus) and $2 million surplus.

Fidelity: $500,000 in capital stock (basic surplus) and $500,000 surplus.

Vehicle Physical Damage: $500,000 in capital stock (basic surplus) and $1 million surplus.

Mississippi

(Miss. Code Ann. §§27-15-83 and 83-19-31)

Plate Glass, Fire, Marine, Fidelity, Casualty, Surety, Mortgage Guaranty, Life, Health, and Accident: $400,000 in capital stock (basic surplus) and $600,000 surplus.

Industrial Life: $100,000 in capital stock (basic surplus) and $50,000 surplus.

Multi-Line: $600,000 in capital stock (basic surplus) and $900,000 surplus.

Missouri

(§379.010 R.S.Mo.)

Stock Companies, Multi-Line: $1.2 million capital and $1.2 million surplus.

Stock Companies, Mono-Line: $800,000 capital and $800,000 surplus.

Mutual Companies, Multi-Line: $2.4 million surplus.

Mutual Companies, Mono-Line: $1.6 million surplus.

Montana

(33-2-109 and 33-2-110, MCA)

Life: $600,000

Life and Disability and Casualty (all lines including Workers Compensation): $750,000

Credit Life and Disability: $150,000

Disability, Property, Marine, or Casualty (all lines except Workers Compensation), Surety, and Title: $500,000

Multi-Line: $1 million

Montana also has a special surplus requirement: if a company has been in operation five years or fewer, it must have an additional surplus equal to 100 percent of its paid-in-capital (or surplus); if it has been in operation for more than five years, it must maintain an additional surplus equal to 50 percent of its paid-in-capital (or surplus). Insurers must also maintain a deposit with the commissioner in an amount equal to the minimum capital/surplus plus $100,000.

Nebraska

(R.R.S. Neb. §44-214)

Nebraska requires all companies to have $1 million in initial capital/surplus and $2 million in additional capital/surplus.

Specific requirements depend on what kind of policies are written and how many. Refer to Statutes of Nebraska Annotated Chapter 44, Article 2 for specifics.

Nevada

(Nev. Rev. Stat. Ann. §§680A.120 and 680A.140)

The same capital requirements are effective for stock companies, mutual companies, and reciprocals. The only exceptions are that foreign mutuals and all reciprocals may not write title or financial guaranty insurance, and reciprocals may not write life.

Life, Health, Property, Casualty, Surety, Transportation, Multi-Line, or Marine: $500,000 minimum capital stock (surplus); $1 million initial free surplus.

Title: $500,000 minimum capital stock (surplus); $750,000 initial free surplus.

Financial Guaranty: $10 million minimum capital stock; $40 million initial free surplus.

All insurers must maintain a deposit with the commissioner in an amount equal to the required minimum capital/surplus.

New Hampshire

(RSA 401:4)

All insurers must have $800,000 or paid-in-capital or surplus.

New Jersey

(N.J. Stat. §§17:17-1, 17:17-6, 17:20-1)

Property, Marine, Aircraft Casualty, Credit, Theft, Glass, Water Damage, Livestock, and Smoke: The greater of $200,000 of initial capital stock (surplus) for each line or $500,000 for all lines combined, paid in cash. Additionally, these insurers must retain a minimum surplus of the greater of $250,000 or $100,000 for each kind.

Liability, including that of Political Subdivisions: $1 million/$1 million

Surety: $500,000/$750,000

All insurers must also maintain a deposit of $100,000 with the commissioner.

New Mexico

(N.M. Stat. Ann. §59A-5-16)

New Mexico bases its capital/surplus requirements not only on the line of insurance, but also on the insurer's total earned premium (direct premiums received for life and health). The amounts stated below represent the sum of required capital. For companies with earned premiums of between $5 million and $10 million, the aggregate requirements are as follows:

Life and/or Health: $700,000

General Casualty and/or Surety; Property and/or Marine and Transportation; Vehicle Insurance; and Title Insurance: $800,000

For companies with earned premiums of between $10 million and $25 million, those amounts increase to $800,000 and $900,000 respectively.

For companies with earned premiums of over $25 million, those amounts are: $900,000 and $1 million respectively.

Life and Health insurers must retain an additional surplus of $400,000. For property and casualty insurers, the surplus requirement depends on the number of kinds of insurance that an insurer writes. Those that write only one kind must have an additional surplus of $500,000, those that write two kinds of insurance must have an additional surplus of $600,000, and those who write three kinds of insurance must have an additional surplus of $700,000.

Life and health insurers must pay both a general and specific deposit of $100,000. Property and casualty insurers with earned premiums exceeding $5,000,000 must pay a general deposit of $400,000. Again, the special bonuses paid by property and casualty insurers correspond to the number of kinds of policies that they write. Property and casualty insurers must pay special deposits of $100,000 for writing one kind of insurance, $200,000 for writing two kinds of insurance, and $300,000 for writing three kinds of insurance.

New York

(NY CLS Ins §§4103, 4104 and 4107)

Stock Companies

Burglary and Theft: $300,000/$150,000

Glass, Boiler, Elevator, Animal, or Property Damage Liability: $100,000/$50,000

Personal Injury Liability, Workers Compensation, Employers Liability: $500,000/$250,000

Fidelity and Surety: $900,000/$450,000

Credit: $400,000/$200,000

For any of these lines, additional amounts of $100,000/$50,000 are required.

Life, Accident and Health, Disability: $100,000/$50,000

Residual Value Insurance: $2 million/$1 million

Credit Unemployment: $400,000/$200,000

Mutual Companies

Burglary, Boiler, Life, Accident and Health, and Disability: $100,000/$100,000.

Glass, Elevator, Animal, Water Damage, Collision, and Property Damage Liability: $50,000/$50,000

Personal Injury, Workers Compensation, and Credit: $300,000/$300,000

Fidelity and Surety: $900,000/$900,000

Fire: $300,000/$200,000

Marine: $1 million/$500,000

Residual Value: $3 million/$2 million

Water Damage, Collision, and Property Damage Liability: $50,000/$50,000

All insurers must deposit $3 million with the New York Superintendent of Insurance.

North Carolina

(N.C. Gen. Stat. §58-7-75)

Stock Companies

Life: $600,000 in capital stock; $900,000 surplus.

Accident and Health: $400,000 in capital stock; $600,000 surplus.

Fire and Marine: $800,000 in capital stock; $1.2 million surplus.

Fidelity, Surety, and Casualty: $1 million in capital stock; $1.5 million surplus.

Mutual Companies

Assessable Mutuals, Fire and Marine: $500,000 in initial surplus plus surplus of twice the limit of the largest policy but not less than $60,000.

Limited Assessable Mutuals, Fire and Marine: $500,000 in initial surplus plus $300,000 in surplus.

Non Assessable Mutuals, Fire and Marine: $500,000 in initial surplus plus $800,000 in surplus.

Town or County Mutuals (with unlimited assessment power): $50,000 in initial surplus plus $15,000 surplus.

Life, Accident, Health: $500,000 initial surplus; $200,000 surplus.

Non Assessable Fidelity, Surety, and Casualty: $1 million in initial surplus; $500,000 surplus.

Assessable Fidelity, Surety, and Casualty: $400,000.

North Dakota

(N.D. Cent. Code, §§26.1-05-04 and 26.1-12-08)

Stock companies must have an initial paid-in-capital of $500,000 and maintain a surplus of $500,000. Mutual companies must have a surplus of $1 million.

Ohio

(ORC Ann. §§3929.01 and 3929.011)

Minimum Capital/Surplus Requirements:

Fire, Allied Lines, Farmowners Multiple Peril, Homeowners Multiple Peril, Ocean Marine, Inland Marine, Earthquake, Group Accident and Health, Credit Accident and Health, Collectively Renewable Accident and Health, Private Passenger Auto No Fault and Physical Damage, Aircraft, Glass, Burglary and Theft, Boiler and Machinery, and Credit: For stock companies—not less than $1 million/$1 million, with an aggregate amount of capital and surplus not less than $2.5 million. For insurers other than stock companies, surplus— $2.5 million.

Commercial Multiple Peril, Financial Guaranty, Medical Malpractice, Workers Compensation, Other Liability, Fidelity, Surety, and any other insurance against loss or damage except Life: For stock companies—not less than $1 million/$1 million, with an aggregate of capital and surplus not less than $5 million. For other than stock companies, surplus—$5 million.

Reinsurance: For stock companies—not less than $1 million/$1 million, with an aggregate of capital and surplus of $10 million. For other than stock companies, surplus—$10 million.

Oklahoma

(36 Okl. St. Ann. §§610 and 613)

All insurers must have initial paid-in-capital or surplus of $1.5 million. They must also deposit $300,000 with the commissioner.

Oregon

(ORS §731.554)

All companies must have initial paid-in-capital or surplus of $2.5 million. However, workers compensation writers must have $5 million, and for mortgage insurance the requirement is $4 million.

Pennsylvania

(40 P.S. §386)

Stock Life Companies: $1 million stock/$1.1 million capital plus a paid-in surplus equal to at least 50% of the subscribed capital stock.

Stock Fire & Marine Companies: $100,000/$200,000/$400,000 of paid-up capital stock depending on the purpose for which the insurance company was organized, plus a paid-in surplus equal to at least 50% of the subscribed capital stock.

Stock Casualty Companies: $750,000 stock/$1.95 million capital stock plus a paid-in surplus equal to at least 50% of the subscribed capital stock.

Mutual Life Companies: $2 million capital/$1 million policyholder surplus.

Other Mutuals: $350,000 capital.

Rhode Island

(R.I. Gen. Laws §27-2-5)

Stock companies must have initial paid-in-capital of $1 million and maintain surplus of $2 million. Mutual companies must have an initial surplus of $3 million.

South Carolina

(S.C. Code Ann. §§38-9-10 and 38-9-20)

Stock Companies

Life, Accident and Health, or Title: $600,000 in capital stock (surplus); $600,000 surplus.

Life and Accident and Health, Property, Casualty, Surety, or Marine: $1.2 million in capital stock surplus); $1.2 million surplus.

Multiple Lines: $1.5 million in capital stock (surplus); $1.5million surplus.

Mutual Companies

Life, Accident and Health, or Title: $1.2 million surplus.

Life and Accident and Health, Property, Casualty, Surety, or Marine: $2.4 million surplus.

Multiple Lines: $3 million surplus.

South Dakota

(S.D. Codified Laws §§58-6-23 and 58-6-34)

The initial capital or surplus requirements/additional surplus requirements are:

Life or Health: for domestic companies, $200,000/$300,000; for foreign companies, $300,000/$350,000.

Life and Health: for domestic companies, $400,000/$400,000; for foreign companies, $400,000/$525,000.

Property, Casualty without Workers Compensation, Marine, Surety, or Title: $200,000/$300,000

Casualty with Workers Compensation: $300,000/$350,000

Multiple Lines: $400,000/$400,000

All insurers wishing to conduct business in South Dakota must place $200,000 on deposit with the director.

Tennessee

(Tenn. Code Ann. §§56-2-114 and 56-2-115)

All companies must have initial capital/surplus of $1 million and additional surplus of $1 million.

Texas

(Tex. Ins. Code §822.054)

All companies must have initial capital/surplus of $2.5 million and maintain a surplus of $2.5 million.

Utah

(Utah Code Ann. §31A-5-211)

Life, Annuities, Accident and Health, or Any Combination: $400,000

The following lines are subject to a maximum aggregate of $1 million:

Property: $200,000

Surety: $300,000

Bail Bonds: $100,000

Marine/Transportation: $200,000

Vehicle Liability and/or Residential Dwelling Liability: $400,000

Liability: $600,000

Workers Compensation: $300,000

Other lines' requirements:

Title: $200,000

Professional Liability without Medical Malpractice: $700,000

Professional Liability including Medical Malpractice: $1 million

All types except Life, Annuity, and Title: $2 million

Vermont

(8 V.S.A. §3304)

All companies must have $2 million in capital (surplus) plus $3 million free surplus.

Virginia

(Va. Code Ann. §§38.2-1028 and 38.2-1029)

Stock Companies: $1 million capital with $3 million in surplus.

Mutual Companies: $1.6 million in surplus.

Washington

(Rev. Code Wash. (ARCW) §48.05.340)

Life, Disability, Property, Marine and Transportation, Vehicle, or Surety: $2 million capital/surplus, with an additional surplus of $2 million.

Life and Disability; General Casualty: $2.4 million capital/surplus, with an additional surplus of $2.4 million.

Multi-Line: $3 million capital/surplus, with an additional surplus of $3 million.

West Virginia

(W. Va. Code §§33-3-5b and 33-3-6)

All insurers must have $1 million of capital/surplus with an additional $1 million of surplus.

In addition, all insurers must deposit $100,000 with the commissioner.

Wisconsin

(Wis. Stat. §611.19)

All insurers must have initial capital/surplus of $2 million, plus initial expendable surplus of 50 percent of the initial capital/surplus.

Wyoming

(Wyo. Stat. §26-3-108)

Stock Companies

Life or Disability: $1 million capital, with $500,000 surplus.

Life and Disability; Property; Casualty excluding Surety; or Marine/Transportation: $1 million capital, with $1 million in surplus.

Casualty including Surety: $1 million in capital, with $1.5 million in surplus.

Title: $500,000 in capital, with $250,000 in surplus.

Property and Any Other Line: $2 million in capital, with $2 million in surplus.

Mutuals and Reciprocals

Life or Disability: $1.5 million in surplus (reciprocals cannot write life insurance).

Life and Disability; Property/Casualty (excluding Surety); Marine/Transportation: $2 million in surplus (reciprocals cannot write life insurance).

Property/Casualty (including Surety): $2.5 million in surplus.

Property and Any Other Line: $4 million in surplus.

Deposits to Be Made with Commissioner

Life; Life and Disability; Multi-Line: $200,000

Disability; Property; Casualty (excluding surety); Crop Hail; or Foreign Title insurers: $100,000

Casualty (including Surety): $150,000

Domestic Title Insurers: $50,000