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HB 549, 48th Regular Session
Relating to requiring all limited capital stock insurance companies created prior to the effective date of this Act to increase their paid-up capitol stock to a minimum of $100,000 within three years after the effective date of this Act, at the rate of not less than one-third each year, after the effective date of this Act, of the amount necessary to effect such minimum increase, upon penalty of forfeiture of their licenses and charters for non-compliance.

Author: David B. Walker

Subjects:
Insurance--Insurers & Agents

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