Section 6-1227 - Net worth requirements; exemptionA. A licensee shall maintain at all times a tangible net worth as follows: 1. The greater of $100,000 or three percent of total assets for the first $100,000,000.2. Two percent of additional assets for $100,000,000 to $1,000,000,000.3. One-half percent of additional assets for over $1,000,000,000.B. Tangible net worth must be demonstrated at initial application by the applicant's most recent audited or unaudited financial statements pursuant to section 6-1209, subsection B, paragraph 6.C. The director may exempt, in part or in whole, an applicant or licensee from this section.Added by L. 2022, ch. 236,s. 4, eff. 9/23/2022.