Guam § 15309 - Capital: Other than Life Insurer.
Full text of Guam Guam Code Annotated § 15309 — Capital: Other than Life Insurer., with citation guidance and answers to common questions.
§ 15309. Capital: Other than Life Insurer.
Every domestic insurer shall have a minimum paid-in capital
of twenty-five thousand dollars ($25,000.00), which shall be
sufficient for the transaction of any one (1) class of insurance
authorized under this Title, except life insurance. For each
additional class of insurance to be transacted, except life
insurance, there shall be an additional paid-in capital of fifteen
thousand dollars ($15,000.00), but any insurer having a paid-in
capital of one hundred thousand dollars ($100,000.00) may
transact any or all classes of insurance authorized, except life
insurance. Paid-in capital required under this section must be paid
in cash.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 15309
What does Guam Code Annotated § 15309 cover?
Section 15309 ("Capital: Other than Life Insurer.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 15309?
A common citation format is "Guam Code Annotated § 15309" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 15309 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.