Title 33, Chapter 3, Section 6
(a) On or after July 1, 2000, to qualify for an original certificate
of authority to transact one or more classes of insurance, an
insurer shall possess and thereafter maintain a minimum of $1.5
million in capital stock or in surplus.
(b) As to surplus required for initial qualification to transact one
kind of insurance and thereafter to be maintained, domestic mutual
insurers shall be governed by Chapter 14 of this title and domestic
reciprocal insurers shall be governed by Chapter 17 of this title.
Hospital service nonprofit corporations and nonprofit medical
service corporations shall be governed by Chapters 19 and 18 of this
title, respectively. Farmers' mutual fire insurance companies shall
be governed by Chapter 16 of this title.