Alabama Statutes
§ 27-3-9 — Minimum Capital and Surplus for New Domestic Stock Life Insurance Company
Alabama § 27-3-9
This text of Alabama § 27-3-9 (Minimum Capital and Surplus for New Domestic Stock Life Insurance Company) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ala. Code § 27-3-9 (2026).
Text
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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Legislative History
(Acts 1973, No. 643, p. 953.)
Nearby Sections
15
Cite This Page — Counsel Stack
Bluebook (online)
Alabama § 27-3-9, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/27-3-9.