�Impairment� defined. �Impairment� exists as to:
1. A stock insurer when the insurer�s assets do not at least equal the sum of its liabilities, including also its paid-in capital stock account and the minimum surplus required to be maintained under this Code for authority to transact the kinds of insurance transacted.
2. A mutual insurer when the insurer�s assets do not at least equal the sum of the insurer�s liabilities and the minimum surplus required under this Code to be maintained for authority to transact the kinds of insurance transacted.
Last modified: February 27, 2006