Every insurer, before transacting insurance in this state, shall make the following deposits with the Department of Consumer and Business Services:
(1) Foreign or alien insurers transacting surety insurance in this state, $250,000.
(2) Foreign or alien insurers transacting title insurance in this state, $100,000.
(3) Foreign or alien insurers transacting home protection insurance in this state, $100,000.
(4) Foreign or alien insurers transacting mortgage guaranty insurance in this state, $500,000. [1967 c.359 §117; 1981 c.247 §7; 1987 c.483 §4; 1999 c.196 §3]
Section: Previous 731.592 731.594 731.604 731.608 731.612 731.616 731.620 731.624 731.628 731.632 731.636 731.640 731.642 731.644 731.648 NextLast modified: August 7, 2008