58-6-23. Paid-in capital and surplus requirements for certificate of authority.
To qualify for authority to transact any one kind of insurance or combination of kinds of insurance as shown below, a foreign insurer, or a domestic stock insurer applying for its original certificate of authority in this state, or any insurer reapplying for a certificate of authority in this state after having withdrawn from this state for any cause, shall possess and thereafter maintain unimpaired basic paid-in capital stock, if a stock insurer, or unimpaired basic surplus, if a foreign mutual insurer or foreign reciprocal insurer, and shall possess when first so authorized additional funds in surplus as follows:
| Kind or Kinds of Insurance | Basic Capital or Basic Surplus | Additional Surplus |
| Life | ||
| Domestic stock insurers | $200,000 | $300,000 |
| Foreign insurers | 300,000 | 350,000 |
| Health | ||
| Domestic stock insurers | 200,000 | 300,000 |
| Foreign insurers | 300,000 | 350,000 |
| Life and Health | ||
| Domestic stock insurers | 400,000 | 400,000 |
| Foreign insurers | 400,000 | 525,000 |
| Property | 200,000 | 300,000 |
| Casualty | ||
| Without Workers' Compensation | 200,000 | 300,000 |
| With Workers' Compensation | 300,000 | 350,000 |
| Marine and Transportation | 200,000 | 300,000 |
| Surety | 200,000 | 300,000 |
| Title | 200,000 | 300,000 |
| Multiple lines | 400,000 | 400,000 |
Source: SL 1966, ch 111, ch 3, §10 (1); SL 1967, ch 129, §1.