Surplus

Act 284 of 1921, § 643, under "INSURANCE COMPANY LAW OF 1921, THE".

Act 284 of 1921, § 643

Section 643. Surplus.--The board of directors may set aside such part of all premiums collected as it may deem necessary for the creation of an adequate surplus to cover the catastrophe hazard of all the subscribers to such fund and to guarantee the solvency of the fund.