(1) The commissioner may not issue a special purpose financial captive insurance company
a certificate of authority under this chapter unless it possesses unimpaired paid-in
capital and surplus of not less than $250,000 on the day on which the certificate
of authority is issued.
(2) A special purpose financial captive insurance company shall maintain unimpaired
paid-in capital and surplus of not less than $250,000 at all times when having a certificate
of authority under this chapter.
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