31A-4-105. Deposit required from domestic insurers.
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31A-4-105. Deposit required from domestic insurers.
Domestic insurers organized or operating under Chapter 5, Domestic Stock and Mutual Insurance Corporations , Chapter 7, Nonprofit Health Service Insurance Corporations , or Chapter 9, Insurance Fraternals , shall maintain a deposit under Section 31A-2-206 in the amount of the insurer's required capital for stock insurers, or minimum permanent surplus for mutuals. The commissioner may not issue a certificate of authority to an insurer operating under one of these chapters until the insurer complies with this section.
Amended by Chapter 20 , 1995 General Session