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URL:http://alisondb.legislature.state.al.us/alison/CodeOfAlabama
/1975/27-3-9.htm
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Modified:1999-04-19 08:26:34
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Title:27-3-9
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Body: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.

(Acts 1973, No. 643, p. 953.)