§ 33-14-21 - Limitation on organizational expenses - Georgia Statutes

O.C.G.A. 33-14-21 (2010)
33-14-21. Limitation on organizational expenses

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.