§ 31-4417. Mutual companies--Requirements before doing business.

Current through October 23, 2012

No domestic mutual company shall transact any business until at least 200 persons shall have subscribed in the aggregate for at least $200,000 of insurance and shall have paid in full 1 annual premium in money upon the insurance so subscribed.

                
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(June 19, 1934, 48 Stat. 1148, ch. 672, ch. III, § 17.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications

1981 Ed., § 35-617.

1973 Ed., § 35-517.