Ala. Code § 27-3-9

Current through the 2024 Regular Session.

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.

Ala. Code § 27-3-9 (1975)

Acts 1973, No. 643, p. 953.