GroundRules
22 GCA § 15308: Promotional Expense.
Where this section sits in the code
- Title 22: Business Regulation
- Division 2 - Insurance Law
- Chapter 15: Business of Insurance
- ARTICLE 3: DOMESTIC INSURERS
The Commissioner shall not issue a certificate to any domestic insurer where the Commissioner’s examination shows that the expense of organization and promotion exceeds ten percent (10%) of the total amount actually paid on its capital stock.
Collected 2026-09-27T04:17:58Z. Source file · JSON