33-27-114: Limit on the amount of fund.
Where this section sits in the code
- TITLE 33. INSURANCE AND INSURANCE COMPANIES
- CHAPTER 27. INDEPENDENT LIABILITY FUND
- Part 1. General Provisions
The independent liability fund of any small business may not be greater than the larger of the following:
(1) the total of all legally required liability insurance; or
(2) five times the gross sales of the small business in its most recent fiscal year.
Collected 2026-09-14T04:52:52Z. Source file · JSON