The total expenses of organization of any insurer organized under this chapter including commissions for the sale of stock shall not exceed 121/2 percent of the amount for which the stock is sold in the case of a stock insurer and 121/2 percent of the paid-in surplus in the case of a mutual insurer.
Section: Previous 33-14-14 33-14-15 33-14-16 33-14-17 33-14-18 33-14-19 33-14-20 33-14-21 33-14-22 33-14-23 33-14-24 33-14-25 33-14-26 33-14-27 NextLast modified: October 14, 2016