Minimum Capital and Surplus for New Domestic Stock Life Insurance Company.

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Section 27-3-9

Minimum capital and surplus for new domestic stock life insurance company.

The minimum capital required to form and organize a new domestic stock life insurance company shall be $1,000,000.00, and in addition thereto the minimum surplus to form such a company shall be $1,000,000.00.

(Acts 1973, No. 643, p. 953.)


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