Alabama Statutes
§ 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.
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Alabama § 27-3-9 (Minimum Capital and Surplus for New Domestic Stock Life Insurance Company) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1973, No. 643, p. 953.)