83-31-21 - License.
§ 83-31-21. License.
No such company shall issue policies or transact any business of insurance unless it shall hold a license from the commissioner authorizing the transaction of such business. Such license shall not be issued until and unless the company shall have in paid-up or contributed surplus the amount required in Section 83-19-73.
Sources: Codes, Hemingway's 1921 Supp. § 5209g; 1930, § 5278; 1942, § 5792; Laws, 1918, ch. 157; Laws, 1956, ch. 336, § 2; Laws, 1997, ch. 410, § 16, eff from and after July 1, 1997.