Section 27-3-9 Minimum Capital and Surplus for New Domestic Stock Life Insurance Company.

A new domestic stock life insurance company must have at least $1,000,000 in capital and $1,000,000 in surplus.

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Jurisdiction: United States — Alabama
Instrument: Act or statute
Version: Undated source snapshot
Language: en
Official source: View official record ↗

capital requirements insurance formation

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Section 27-3-9 Minimum Capital and Surplus for New Domestic Stock Life Insurance Company.

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