Insurance Notes
Jotting some notes on insurances.
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Wednesday, January 13, 2016
qualify to transact
In order for an insurer to qualify to transact one or more classes of insurance, they must possess and maintain a minimum of:
3 qualified insurance agents on staff at all times
$1.5 million in capital stock or in surplus
$5 million in surety bonds for guaranteed collateral
All of the above
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