The minimum capital required to form and organize a new domestic stock life insurance company shall be $1,000,000.00, and in addition thereto the minimum surplus to form such a company shall be $1,000,000.00. (Acts 1973, No. 643, p. 953.)
Minimum Capital and Surplus for New Domestic Stock Life Insurance Company
Ala. Code § 27-3-9, under Authorization of Insurers.
Ala. Code § 27-3-9