58-34-15. Additional expendable surplus required of new insurer. In addition to surplus required to be maintained under § 58-34-14, a domestic reciprocal insurer formed after June 30, 1966, shall have, when first authorized to transact insurance, expendable surplus equal to not less than one-half of the minimum amount of surplus required to be maintained.
Source: SL 1966, ch 111, ch 19, § 8 (3).
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