If authorized by its charter, such an incorporated life insurer may, except as provided in Section 700.03, transact, in addition to life insurance, any of the following classes of insurance if its total paid-in capital is at least two million two hundred fifty thousand dollars ($2,250,000) in excess of the sum of the amounts set forth opposite the classes of insurance transacted:
Number and name of class
Amount of capital
class transacted
to be added
6.Disability
250,000
8.Liability9.Workers’ compensation 10.Common carrierliability
⎫
⎪
⎬
⎪
⎭
300,000 for all or any of them