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General Deposit Requirement:
Domestic: The Commissioner shall not authorize a domestic insurer, other than a title insurer, to transact insurance unless it makes and thereafter continuously maintains on deposit in this State through the Commissioner cash or securities eligible therefor under § 1503 of this title of a fair market value of not less than $100,000 for the protection of all its policyholders wherever located, or all its policyholders in the United States, or all its policyholders and creditors. [18 Del. C. Section 513(f)].

Special Deposit Requirements: $100,000 (market value) Special Deposit required for Delaware policyholders only for insurers authorized to write Worker’s Compensation & Employers’ Liability. [18 Del. C. Section 513(c)].

$10,000 (market value) Special Deposit required for Delaware policyholders only for insurers authorized to write Surety. A waiver of the special deposit is permitted if the company has paid-in capital and surplus of $10,000,000 or more and continuously maintains on deposit in this State or another state cash or securities eligible for deposit of a fair market value of not less than $400,000 for the protection of all of its policyholders wherever located or all of its policyholders and creditors. [18 Del. C. Section 513(b)].

Property & Casualty: No deposit required.

Life & Health: No deposit required.

Required for all lines for domestics. Also required for foreign companies unable to establish that they file such deposits with their state of domicile. Foreign companies that desire to use their home state deposit must provide a Certificate of Deposit that indicates the deposit is for the benefit of ALL policyholders or creditors, or both.
Note: Deposits are required at market value. Therefore, if the market value of the securities held on deposit is not reflected on the Certificate of Deposit issued by the home state then, in addition to submitting the Certificate of Deposit, the applicant insurance company should submit a letter or other documentation which reflects the market value of the securities on deposit (on or after the date of the Certificate of Deposit) and indicate how such value was determined (e.g., broker, investment manager, etc.).

Kansas General Deposit Requirements are as follows:
Stock Life: $400,000
Stock Fire: $450,000
Stock Casualty: $450,000
Stock Fire & Casualty: $900,000
Stock Mortgage Guaranty: $1,000,000
Mutual Life: $400,000
Mutual Fire: $450,000
Mutual Casualty: $450,000
Mutual Fire & Casualty: $900,000
Mutual Mortgage Guaranty: $1,000,000
Title: $450,000
Deposits are subject to retaliation. For example, if the domicile state would require a “special deposit” of a similar Kansas company, then the applicant would be required to establish the same deposit with the Kansas Insurance Department.

§33-2-111 Deposits required.

33-2-603. Deficiency of deposit
and -- revocation of certificate. If for any reason the market value of assets and securities of an insurer held on deposit in this state or in another state under custodial arrangements authorized by 33-2-604(3) falls below the amount required under this code to be so held, the insurer shall promptly deposit other or additional assets or securities eligible for deposit under this part and in amount sufficient to cure such deficiency. If the insurer has failed to cure the deficiency within 20 days after receipt of notice thereof by registered or certified mail from the commissioner, the commissioner shall forthwith revoke the insurer's Certificate of Authority.

New Mexico has two deposit requirements, a Special Deposit (NMSA Section 59A-5-19) and a General Deposit (NMSA Section 59A-5-18). The Special Deposit is for the benefit of all its policyholders and creditors located in New Mexico and the General Deposit is for the benefit of all its policyholders and creditors wherever they may be located. The Special Deposit must be maintained with NM and will be required prior to issuance of a Certificate of Authority. The General Deposit can be maintained in NM or the company can provide a Certificate of Deposit certified by the state of domicile or any other state. Effective July 1, 2017, requirements changed.
59A-5-16. Capital funds, deposits, required for certificate of authority. (2016) 
A. To qualify for certificate of authority to transact any one kind or combination of kinds of insurance in this state, an insurer shall possess:
(1) if a stock insurer, paid-in capital stock and, when first so authorized, surplus all as shown in Schedule I of this section; or
(2) if a mutual, reciprocal or Lloyds insurer, basic capital surplus, including guaranty funds, if any, and additional unassigned surplus when first so authorized, as required under Schedule I of this section.
B. Except that an insurer that on January 1, 1985, having applied for a certificate on or before February 15, 1984, held a valid and subsisting certificate of authority to transact insurance in this state may, if a domestic insurer, continue to be so authorized until December 31, 1995, so long as otherwise qualified therefor and possessing paid-in capital stock, if a stock insurer, or basic capital surplus, if a mutual, reciprocal or Lloyds insurer, not less than that required of the insurer by the laws of this state in force on January 1, 1986; and if a foreign insurer, may so continue to be so authorized, if otherwise qualified therefor, while possessing such capital funds (paid-in capital stock and surplus if a stock insurer, and surplus if a mutual or reciprocal insurer) until December 31, 1990.  At the expiration of such period, as applicable, the insurer shall meet the basic capital requirements of this section as set forth in Schedule I of this section in order to maintain its certificate of authority. Upon a change in the control of either a domestic insurer or foreign insurer, the insurer shall, within one year from effective date of such change of control, meet the capital funds requirements of Schedule I of this section as though a newly authorized insurer, but this sentence shall not act to extend the otherwise applicable time period. For the purposes of this subsection, "control" shall have the meaning ascribed in Section NMSA 1978.
C. The capital funds required for authority to transact insurance in this state shall be based upon all the kinds of insurance the insurer transacts, wherever transacted or to be transacted.
D. This section shall not apply as to domestic Lloyds plan insurers as identified in Chapter NMSA 1978 except as stated in that article.
E. The capital requirements of this section are set forth in the following schedule:

                                                                         Schedule I
                                                                       NEW MEXICO
                                           Minimum Capital, Surplus and Deposit Requirements 
Property/Casualty Insurer

Life/Health Insurer

Premium Volume means the insurer's worldwide direct premiums earned (if Property/Casualty) or received (if Life/Health) during the previous calendar year.

Kinds of insurance pertains to the general kinds of insurance that property/casualty insurers are authorized to transact.

The following groups or single kinds of insurance shall be counted as one kind of insurance when calculating the amount of required Basic Capital, Additional Surplus, General Deposit and Special Deposit: 
Notes:

Casualty; Property; and Title.

When determining Basic Capital and Additional Surplus amounts, the kinds of Insurance shall be based on the insurer's actual or requested transaction authority Worldwide.

When determining General Deposit and Special Deposit amounts, the kinds of Insurance shall be based on the insurer's actual or requested transaction authority in New Mexico.

"Basic Capital" means paid-in capital stock (if a stock insurer) or basic capital surplus (if a mutual, reciprocal or Lloyds insurer).  General Deposit or Special Deposit funds are included within, and are not additional to, required Basic Capital and Additional Surplus.  General Deposit amounts shown above are not applicable to alien insurers.

History: Laws 1984, ch. 127, § 83; 1987, ch. 259, § 4; 1987, ch. 262, § 1; repealed and reenacted by Laws 2007, ch. 282, § 1; 2016, ch. 89, § 1.

Property: Certificate of Deposit required. Deposits must be in accordance with Sections 1318, 1319, 1320 and 4104 of the N.Y. Ins. Law. Property & Casualty Companies seeking to reinsure lines in addition to those lines they can write directly; or to write or reinsure risks outside the United States, its territories and possessions are required to have Surplus to Policyholders of $35,000,000 and a deposit of at least $3,000,000.” It also would be more accurate to say at the bottom of that section for New York for all companies that “It should be noted that these are minimum requirements. A higher amount of surplus may be required based upon a review of the Company’s Plan of Operations and Financial Projections. Generally a deposit of at least $500,000 is required. 
Stock Property/Casualty Company Financial Requirements

Life: Certificate of Deposit required. $200,000 for life and/or annuities $200,000 additional if also licensed to do accident and health.(par, market and statement values) must be on deposit (qualifying securities with home state for protection of all policyholders. Sections 1318, 1319 and 4206 of the N.Y. Ins. Law.

Health: Certificate of Deposit required. Deposits must be in accordance with Sections 1318, 1319 and 4206 of the N.Y. Ins. Law.

Domestic insurers

Life $100,000, ORC 3907.07
P&C with Fidelity or Surety/Financial Guaranty $200,000, ORC 3929.10
Title Guarantee & Trust $50,000, ORC 3953.06, plus unearned premium (maximum of $250,000), ORC 3953.11
The latest edition of deposit forms may be found on our website at under Forms.

Form Number/Description
INS2010 Insurer and Direct Participant/Member Bank Agreement
INS2011 Book Entry Legal Deposit
INS2072 Book Entry Deposit List
INS7150 Computation of Deposits - Domestic Title Co's
INS7151 Computation of Deposits - Domestic Title & Trust Co's
Deposits must be held for “all policyholders” and may not include other beneficiaries (e.g. –  “all policyholders and creditors” is unacceptable.).

If you have any questions concerning domestic deposits, please contact Melissa Chuvalas, Fiscal Officer at (614) 752-0720 or at Melissa.Chuvalas@insurance.ohio.gov.