As Amended
SEC. 83-31-27. Premiums.
The maximum premium payable by any member shall be expressed in the policy or in the application for the insurance. Such maximum premium may be a cash premium and an additional contingent premium not less than the cash premium, or may be solely a cash premium. No policy shall be issued for a cash premium without an additional contingent premium unless the company has a surplus which is not less in amount than the capital stock required of domestic stock insurance companies transacting the same kind of insurance.
SOURCES: Codes, Hemingway's 1921 Supp. Sec. 5209j; 1930, Sec. 5281; 1942, Sec. 5795; Laws, 1918, ch. 157.