41-2818 — QUALIFICATION FOR INITIAL CERTIFICATE OF AUTHORITY -- STOCK INSURERS

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                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 28
                    ORGANIZATION AND CORPORATE PROCEDURES
                         OF STOCK AND MUTUAL INSURERS
    41-2818.  QUALIFICATION FOR INITIAL CERTIFICATE OF AUTHORITY -- STOCK
INSURERS. A newly formed domestic stock insurer shall be entitled to a
certificate of authority only when its entire authorized capital stock has
been subscribed for and paid for in full, and it has fulfilled the other
requirements for the certificate of authority as applicable under this code to
the kind or kinds of insurance proposed to be transacted. The director shall
not issue a certificate of authority to any such insurer which does not meet
the requirements of this section.