§ 6.1227

6-1227. Net worth requirements; exemption A. 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.