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: GC § 43158.

§ 15310. Capital: Other than Life Insurer: Increase and
Decrease.

22 Guam Code Ann. BUSINESS REGULATIONS
CH. 15 BUSINESS OF INSURANCE

(a) Any admitted domestic insurer may increase or decrease the amount of its capital after giving notice once a week for four (4) consecutive weeks in a newspaper of general circulation in Guam of such intention, and by filing with the Commissioner a copy of such advertisement together with a declaration under its corporate seal, signed by stockholders representing three-fourths (3/4) of its capital, of their desire so to do.

(b) If any person shall object to such increase or decrease within one (1) week from date of last publication and give good cause therefor, the Commissioner may order the insurer not to so increase or decrease its capital.

(c) If the insurer receives no such order from the Commissioner within ten (10) days after last publication, it may proceed with the announced plan.

SOURCE: GC § 43159.