1. A. A licensee shall maintain at all times a tangible net worth in an amount not less than the following:

   1. 1. For a licensee with total assets in an amount not greater than $100 million, the greater of $100,000 or three percent of the value of the licensee's total assets.
   2. 2. For a licensee with total assets in an amount greater than $100 million and not greater than $1 billion, the sum of $3 million and two percent of the additional assets in excess of $100 million.
   3. 3. For a licensee with total assets in an amount greater than $1 billion, the sum of $21 million and 0.5 percent of the additional assets in excess of $1 billion.
2. B. Tangible net worth shall be demonstrated at initial application and thereafter in a manner prescribed by the Commission.

2025, c. 214.