Paid-Up Guaranty Capital — Division Into Shares

1. Law
2. Tennessee Code
3. Insurance
4. State Mutual Fire Insurance Companies
5. Paid-Up Guaranty Capital — Division Into Shares

1. Any mutual fire insurance company organized under the laws of this state shall have a paid-up guaranty capital of not less than nine hundred fifty thousand dollars ($950,000) divided into shares of not exceeding one hundred dollars ($100) each.
2. The increase in the minimum amount of guaranty capital provided by the 1969 amendment does not apply to companies qualified and authorized prior to May 7, 1969.

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