How do you start a completely new insurance company rather than brokering for another business?

Hello, My name is Richard. I am currently in the process of attempting to start my own insurance company now. After working for various insurance companies for the past 10 years I've decided to start my own. I'll say right from the start: It takes capital. Lots of capital! To start you need a license. In most jurisdictions you must have at the very minimum $1,000,000 in liquid assets (and $5,000,000 up is the norm) Note: this is over and above the company start-up costs,infrastructure, product development, and deployment, etc to procure a valid insurance company license. This allows you to sell insurance and financial services products to the general public. The process is complicated and detailed. I've been working on it for the past 2 years along with one of my partners who's an attorney. We have at this point completed our product lines and application forms thereof. I have also created a website that is ready to go live as soon as we can procure a license. Which is the trickiest portion of the procedure. If I sound vague on the point of your question I apologize but there isn't room or time to detail the procedures here as they are quite involved and cumbersome. At this point my colleagues and I are looking at bringing in investors and/or selling stock in order to raise the needed capital. We were attempting to forgo this avenue but I'm beginning to think that there is no other way around it. There are several types of licenses available from myriad jurisdictions. However, careful scrutiny of any license or licensing agents or agencies is critical as we've found. You can purchase a license in some jurisdictions for relatively modest amounts. However, on closer analysis we've found that these "affordable licenses", are surely a waste of money and generally fall under the heading of, "if it sounds to good to be true it generally is". You can spend hundreds of thousands for these types of licenses instead of millions for the legitimate ones. But then you've got a piece of paper that's basically worthless, so you get the picture.