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515.10 Surplus required.

An insurance company other than a life insurance company shall have, in addition to the required paid-up capital, a surplus in cash or invested in securities authorized by law of not less than two million five hundred thousand dollars.

Section History: Early form

[C73, § 1124; C97, § 1691; C24, 27, 31, 35, 39, § 8904; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 515.10]

Section History: Recent form

90 Acts, ch 1234, §34

Internal References

Referred to in § 511.23


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