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2018 Code of Alabama
Title 27 - INSURANCE.
Chapter 3 - AUTHORIZATION OF INSURERS.
Section 27-3-9 - Minimum capital and surplus for new domestic stock life insurance company.
Universal Citation: AL Code § 27-3-9 (2018)
Section 27-3-9Minimum 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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