§ 58-5-5. Amount of deposits required of foreign or alien fire and/or marine insurance companies.
§ 58‑5‑5. Amountof deposits required of foreign or alien fire and/or marine insurancecompanies.
Unless otherwise provided inthis Article, every fire, marine, or fire and marine insurance companychartered by any other state or foreign government shall make and maintaindeposits of securities with the Commissioner in the amount of one hundredthousand dollars ($100,000) market value. (1909, c. 923, s. 1; 1911, c. 164, s. 1; Ex. Sess.1913, c. 62, ss. 1, 2, 3; 1915, c. 166, s. 6; C.S., s. 6442; 1933, c. 60; 1945,c. 384; 1991, c. 681, s. 15; 2003‑212, s. 1.)