Establishment and maintenance of minimum paid-in capital and paid-in initial surplus necessary for insurance business license.

1. Law
2. Missouri Revised Statutes
3. Business and Financial Institutions
4. Title Insurance Law
5. Establishment and maintenance of minimum paid-in capital and paid-in initial surplus necessary for insurance business license.

Effective - 01 Jan 2008

381.062. Establishment and maintenance of minimum paid-in capital and paid-in initial surplus necessary for insurance business license. — Any title insurer authorized to do an insurance business in this state shall establish and maintain a minimum paid-in capital of not less than four hundred thousand dollars and, in addition, surplus of at least four hundred thousand dollars. Beginning January 1, 2013, any title insurer authorized to do an insurance business in this state shall establish and maintain a minimum paid-in capital of not less than eight hundred thousand dollars and, in addition, surplus of at least eight hundred thousand dollars.

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(L. 2000 S.B. 894, A.L. 2007 S.B. 66)

Effective 1-01-08

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