Guam § 15312 - Life Insurer: Capital.
Full text of Guam Guam Code Annotated § 15312 — Life Insurer: Capital., with citation guidance and answers to common questions.
§ 15312. Life Insurer: Capital.
Every domestic insurer desiring to transact, or transacting,
life insurance in Guam, shall have a minimum paid-in capital of
one hundred thousand dollars ($100,000.00) exclusive of and in
addition to the minimum paid-in capital required for other classes
of insurance as provided in § 15309. Paid-in capital required under
this section must be paid in cash.
Frequently Asked Questions About Guam § 15312
What does Guam Code Annotated § 15312 cover?
Section 15312 ("Life Insurer: Capital.") 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 § 15312?
A common citation format is "Guam Code Annotated § 15312" (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 § 15312 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.