10 of 20 Every member who is a partnership is required to remain at all times an equity capitalization of not less than: $7,500.00 or an amount equal to the combined deductibles of the errors and omissions insurance and fidelity bond policies, whichever is less. An amount equal to 15% of the broker's total annual premium volume. $5,000.00 or an amount equal to the total of the combined deductibles of the errors and omissions insurance and fidelity bond policies, whichever is greater. An amount sufficient to cover the total of the brokers accounts receivable in excess of ninety (90) days.
10 of 20 Every member who is a partnership is required to remain at all times an equity capitalization of not less than: $7,500.00 or an amount equal to the combined deductibles of the errors and omissions insurance and fidelity bond policies, whichever is less. An amount equal to 15% of the broker's total annual premium volume. $5,000.00 or an amount equal to the total of the combined deductibles of the errors and omissions insurance and fidelity bond policies, whichever is greater. An amount sufficient to cover the total of the brokers accounts receivable in excess of ninety (90) days.
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![10 of 20
Every member who is a partnership is required to remain at
all times an equity capitalization of not less than:
$7,500.00 or an amount equal to the combined deductibles of the errors and
omissions insurance and fidelity bond policies, whichever is less.
An amount equal to 15% of the broker's total annual premium volume.
$5,000.00 or an amount equal to the total of the combined deductibles of the
errors and omissions insurance and fidelity bond policies, whichever is greater.
An amount sufficient to cover the total of the brokers accounts receivable in
excess of ninety (90) days.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fde24d8a6-50dc-4080-850d-249835a4e10e%2F05b35bf2-3177-449f-9709-fa2d2660ef51%2Fzfbfsg_processed.png&w=3840&q=75)
Transcribed Image Text:10 of 20
Every member who is a partnership is required to remain at
all times an equity capitalization of not less than:
$7,500.00 or an amount equal to the combined deductibles of the errors and
omissions insurance and fidelity bond policies, whichever is less.
An amount equal to 15% of the broker's total annual premium volume.
$5,000.00 or an amount equal to the total of the combined deductibles of the
errors and omissions insurance and fidelity bond policies, whichever is greater.
An amount sufficient to cover the total of the brokers accounts receivable in
excess of ninety (90) days.
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