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General Provisions
§ 83-19-1. Classifications of insurance companies - Insurance companies may be formed for the following classifications: Class...
§ 83-19-3. Insurance of apparatus - All insurance companies authorized to transact fire insurance business in...
§ 83-19-5. Expiration of charters under special acts - Domestic insurance companies, incorporated by special acts, whose charters are...
§ 83-19-7. Expiration of charters under general insurance laws - Domestic insurance companies incorporated under the general insurance laws whose...
§ 83-19-9. Powers - Corporations created under the provisions of this chapter shall have...
§ 83-19-11. Organization of insurance companies - The procedure for organizing such a corporation shall be as...
§ 83-19-13. Bylaws - Any such company may adopt bylaws for the conduct of...
§ 83-19-15. Organizational meeting - The first meeting for the purpose of organization shall be...
§ 83-19-16. Commissioner of Insurance to be notified of changes in officers or directors - Every domestic insurer shall notify the Commissioner of Insurance in...
§ 83-19-19. Certificate of organization - The president, secretary, and majority of the directors shall forthwith...
§ 83-19-21. License fees; deposit into Insurance Department Fund; funding of agency expenses; deposit of monies into State General Fund - If it appears that the requirements of the law herein...
§ 83-19-27. Examination of financial ability, condition, and affairs - It shall be the duty of the commissioner of insurance...
§ 83-19-29. New companies to file financial statement each quarter for two years - It shall be the further duty of the Commissioner of...
§ 83-19-31. Capital required for various classes of companies - An industrial life insurer shall be limited to the following:...
§ 83-19-33. Capital stock payment - The capital stock shall be paid in cash within twelve...
§ 83-19-35. Commissioner to approve the price per share of stock - The commissioner of insurance shall approve the price per share...
§ 83-19-37. Stock sale - No stock sale shall be approved at a par value...
§ 83-19-39. Escrow deposits - The par value of each share and fifty percent (50%)...
§ 83-19-41. No stock to be placed on option - The commissioner of insurance shall examine the charter and bylaws...
§ 83-19-43. Qualification of certain stock sales with securities exchange commission - Any insurance company formed under the laws of the State...
§ 83-19-45. Organization through sale of stock in holding company prohibited - No insurance company shall be organized through the sale of...
§ 83-19-47. Violation to invalidate organization of company - Any violation of the provisions in Sections 83-19-33 through 83-19-45...
§ 83-19-49. License fees - The licensing fees applicable to domestic insurance companies and stock...
§ 83-19-51. Investment of funds by domestic insurance companies - Provided, however, no domestic insurance company may acquire common stock...
§ 83-19-53. Investment to finance buildings for General Services Administration - A domestic insurance company may invest its funds in financing...
§ 83-19-55. Real estate holdings - A domestic company may acquire, hold, and convey real estate...
§ 83-19-57. Capital impairment - When the net assets of a company do not amount...
§ 83-19-59. Application to increase or reduce capital stock - The commissioner shall, upon application, examine the proceedings of domestic...
§ 83-19-61. Increase of capital stock - Any such company having a paid-up capital, as required by...
§ 83-19-63. Reduction of capital stock - When the capital stock of a company is impaired, such...
§ 83-19-65. Dividends - No stock company shall make a dividend, either in cash...
§ 83-19-67. Regulation of management contracts - Any management contract between a domestic insurer and another person,...
§ 83-19-69. Certain contracts prohibited in another state - Subject to the exceptions set forth herein, no domestic insurer...
§ 83-19-75. Penalty for failure to report impairment of surplus - If the surplus of any domestic insurance company or association...
§ 83-19-77. Exceptions to surplus requirements - Sections 83-19-75 and 83-19-77 shall not be construed as applicable...
§ 83-19-79. "Equity security" defined - The term "equity security" when used in Sections 83-19-79 through...
§ 83-19-81. Statements of ownership of equity securities - Every person who is directly or indirectly the beneficial owner...
§ 83-19-83. Recovery of profit realized from certain purchase or sale of equity security - For the purpose of preventing the unfair use of information...
§ 83-19-85. Prohibition of certain sales of equity security - It shall be unlawful for any such beneficial owner, director,...
§ 83-19-87. Certain purchases or sales of equity securities excepted - The provisions of Section 83-19-83 shall not apply to any...
§ 83-19-89. Certain arbitrage transactions excluded - The provisions of Sections 83-19-81 through 83-19-85 shall not apply...
§ 83-19-91. Solicitation of proxies, consents, or authorizations - It shall be unlawful for any person, in contravention of...
§ 83-19-93. Transmission of security information - Unless proxies, consents, or authorizations in respect of an equity...
§ 83-19-95. Provisions inapplicable to certain equity securities - The provisions of Sections 83-19-81, 83-19-83, 83-19-85, 83-19-91, and 83-19-93...
§ 83-19-97. Commissioner to make rules and regulations - The commissioner of insurance shall have the power to make...
Merger or Consolidation, or Exchange of Outstanding Stock, of Domestic Stock Companies
§ 83-19-99. Authorization - A domestic stock insurance company (referred to in Sections 83-19-99...
§ 83-19-101. Directors' resolution and plan - The constituent insurance companies may adopt a plan of merger...
§ 83-19-103. Submission of plan to commissioner of insurance - The constituent corporations in the case of a merger or...
§ 83-19-105. Public hearing on plan - The commissioner of insurance shall hold a public hearing upon...
§ 83-19-107. Commissioner's order - The commissioner of insurance shall issue a written order approving...
§ 83-19-109. Appeals from commissioner's decision - Any person becoming a party as hereinbefore provided and feeling...
§ 83-19-111. Stockholder approval of plan - The plan as approved by the commissioner of insurance shall...
§ 83-19-113. Procedure where foreign corporation is involved - If one (1) of the constituent corporations to a merger...
§ 83-19-117. When stockholders' vote unnecessary - If the domestic company owns at least ninety-five percent (95%)...
§ 83-19-119. Effect of merger or consolidation; when plan of exchange becomes effective; stock certificates - Certificates representing shares of stock of the domestic company prior...
§ 83-19-121. Rights of dissenters - Any shareholder of any domestic stock insurance company which is...
§ 83-19-123. Construction and effect of Sections 83-19-99 through 83-19-123 - Nothing contained in Sections 83-19-99 through 83-19-123 shall affect the...
Regulation of Reinsurance
§ 83-19-151. Credit for reinsurance; accredited reinsurer defined - Credit for reinsurance shall be allowed a domestic ceding insurer...
§ 83-19-153. Reduction from liability for reinsurance ceded by domestic insurer to assuming insurer not meeting requirements - An asset or reduction from liability for the reinsurance ceded...
§ 83-19-155. Definitions - For purposes of paragraph (c) of Section 83-19-153, a "qualified...
§ 83-19-157. Adoption of rules and regulations - 1. Licensed in at least twenty-six (26) states; or 2....
Reinsurance Intermediary Act
§ 83-19-201. Short title - Sections 83-19-201 through 83-19-221 may be cited as the Reinsurance...
§ 83-19-203. Definitions - As used in Sections 83-19-201 through 83-19-221: "Actuary" means a...
§ 83-19-207. Written authorization required for transactions between reinsurance intermediary broker and insurer; minimum contents of authorization - Transactions between a reinsurance intermediary broker and the insurer it...
§ 83-19-213. Written contract required for transactions between reinsurance intermediary manager and reinsurer; filing of contract; minimum contents of contract - Transactions between a reinsurance intermediary manager and the reinsurer it...
§ 83-19-215. Prohibited acts of reinsurance intermediary manager - The reinsurance intermediary manager shall not: Bind retrocessions on behalf...