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Part 1. General Provisions
33-3-101. Scope of chapter - 33-3-101. Scope of chapter. This chapter shall apply only to...
33-3-102. Definitions - 33-3-102. Definitions. (1) A "domestic mutual insurer" is an incorporated...
33-3-103. Applicability of general corporation statutes - 33-3-103. Applicability of general corporation statutes. (1) The applicable laws...
33-3-104. Extinguishment of unused corporate charters - 33-3-104. Extinguishment of unused corporate charters. (1) The corporate charter...
33-3-105. Commissioner's request of biographical information - 33-3-105. Commissioner's request of biographical information. (1) The commissioner may...
Part 2. Formation
33-3-201. Incorporation - 33-3-201. Incorporation. (1) This section applies to stock and mutual...
33-3-202. Articles of incorporation -- approval - 33-3-202. Articles of incorporation -- approval. (1) The incorporators of...
33-3-203. Amendment of articles of incorporation -- grounds for disapproval - 33-3-203. Amendment of articles of incorporation -- grounds for disapproval....
33-3-204. Initial qualifications -- domestic mutuals - 33-3-204. Initial qualifications -- domestic mutuals. (1) When newly organized,...
33-3-205. Formation of mutual insurer -- bond - 33-3-205. Formation of mutual insurer -- bond. (1) Before soliciting...
33-3-206. Applications for insurance in formation of mutual insurer - 33-3-206. Applications for insurance in formation of mutual insurer. (1)...
33-3-207. Formation of mutuals -- trust deposit of premiums -- issuance of policies - 33-3-207. Formation of mutuals -- trust deposit of premiums --...
33-3-208. Formation of mutuals -- failure to qualify - 33-3-208. Formation of mutuals -- failure to qualify. If the...
33-3-209. through 33-3-214 reserved - 33-3-209 through 33-3-214 reserved.
33-3-215. Mutualization of stock insurer - 33-3-215. Mutualization of stock insurer. (1) A stock insurer other...
33-3-216. Converting mutual insurer to stock insurer - 33-3-216. Converting mutual insurer to stock insurer. (1) A mutual...
33-3-217. Mergers and consolidations of stock insurers - 33-3-217. Mergers and consolidations of stock insurers. (1) A domestic...
33-3-218. Mergers and consolidations of mutual insurers - 33-3-218. Mergers and consolidations of mutual insurers. (1) A domestic...
Part 3. Management
33-3-301. Bylaws of mutual - 33-3-301. Bylaws of mutual. (1) A domestic mutual insurer must...
33-3-302. Bylaws of stock insurer -- modification - 33-3-302. Bylaws of stock insurer -- modification. (1) A bylaw...
33-3-303. Meetings of stockholders or members - 33-3-303. Meetings of stockholders or members. (1) Except with the...
33-3-304. Proxies -- corrupt practices - 33-3-304. Proxies -- corrupt practices. (1) Every proxy of a...
33-3-305. Directors -- number and election - 33-3-305. Directors -- number and election. (1) The affairs of...
33-3-306. Participation of policyholders in election of directors of stock insurer - 33-3-306. Participation of policyholders in election of directors of stock...
33-3-307. Bonding of officers and employees - 33-3-307. Bonding of officers and employees. (1) When acting in...
33-3-308. Prohibited pecuniary interest of officials - 33-3-308. Prohibited pecuniary interest of officials. (1) Any officer or...
33-3-309. Management and exclusive agency contracts - 33-3-309. Management and exclusive agency contracts. (1) A domestic insurer...
33-3-310. Agreement not to sell property prohibited - 33-3-310. Agreement not to sell property prohibited. No insurer shall...
Part 4. Finance
33-3-401. Home office and records -- administrative or civil penalty for unlawful removal of records or assets - 33-3-401. Home office and records -- administrative or civil penalty...
33-3-402. Vouchers for expenditures - 33-3-402. Vouchers for expenditures. (1) No insurer shall make any...
33-3-403. through 33-3-410 reserved - 33-3-403 through 33-3-410 reserved.
33-3-411. Contingent liability of mutual members - 33-3-411. Contingent liability of mutual members. (1) Each member of...
33-3-412. Levy of contingent liability - 33-3-412. Levy of contingent liability. (1) If at any time...
33-3-413. Enforcement of contingent liability - 33-3-413. Enforcement of contingent liability. (1) Any assessment made by...
33-3-414. Nonassessable policies of mutual insurers - 33-3-414. Nonassessable policies of mutual insurers. (1) While possessing surplus...
33-3-415. Insufficient reserves -- nonassessable policies prohibited -- revocation of authority - 33-3-415. Insufficient reserves -- nonassessable policies prohibited -- revocation of...
33-3-416. through 33-3-420 reserved - 33-3-416 through 33-3-420 reserved.
33-3-421. Participating policies - 33-3-421. Participating policies. (1) If provided in its articles of...
33-3-422. Dividends to stockholders - 33-3-422. Dividends to stockholders. (1) A domestic stock insurer shall...
33-3-423. Dividends to mutual policyholders - 33-3-423. Dividends to mutual policyholders. (1) The directors of a...
33-3-424. Illegal dividends -- administrative or civil penalty - 33-3-424. Illegal dividends -- administrative or civil penalty. (1) Any...
33-3-425. through 33-3-430 reserved - 33-3-425 through 33-3-430 reserved.
33-3-431. Borrowed surplus - 33-3-431. Borrowed surplus. (1) A domestic stock or mutual insurer...
33-3-432. Impairment of capital or assets - 33-3-432. Impairment of capital or assets. (1) If a stock...
33-3-433. Assessment of stockholders or members - 33-3-433. Assessment of stockholders or members. (1) Any insurer receiving...
33-3-434. Directors' liability for losses during deficiency - 33-3-434. Directors' liability for losses during deficiency. The directors of...
33-3-435. Stock transfer during impairment of capital - 33-3-435. Stock transfer during impairment of capital. Any transfer of...
33-3-436. Mutual member's share of assets on liquidation - 33-3-436. Mutual member's share of assets on liquidation. (1) Upon...
33-3-437. through 33-3-440 reserved - 33-3-437 through 33-3-440 reserved.
33-3-441. Equity securities of domestic stock insurance company -- statement of ownership - 33-3-441. Equity securities of domestic stock insurance company -- statement...
33-3-442. Inside trading of securities -- profit inures to company -- limitation of action to recover -- rules - 33-3-442. Inside trading of securities -- profit inures to company...
33-3-443. Short sales of equity securities prohibited -- time for delivery after sale - 33-3-443. Short sales of equity securities prohibited -- time for...
33-3-444. Exemptions -- securities held in an investment account -- primary or secondary market -- rules - 33-3-444. Exemptions -- securities held in an investment account --...
33-3-445. Exemptions -- arbitrage transactions - 33-3-445. Exemptions -- arbitrage transactions. The provisions of 33-3-441 through...
33-3-446. Exemptions -- registered securities -- holding by less than 100 persons - 33-3-446. Exemptions -- registered securities -- holding by less than...
33-3-447. Rules of commissioner -- classifications -- effect - 33-3-447. Rules of commissioner -- classifications -- effect. (1) The...
33-3-448. and 33-3-449 reserved - 33-3-448 and 33-3-449 reserved.
33-3-450. Purpose - 33-3-450. Purpose. The purpose of 33-3-450 through 33-3-453 is to...
33-3-451. Definitions - 33-3-451. Definitions. As used in this chapter, the following definitions...
33-3-452. Use of book-entry systems -- rules - 33-3-452. Use of book-entry systems -- rules. (1) (a) Other...
33-3-453. Deposit of securities by insurance companies - 33-3-453. Deposit of securities by insurance companies. (1) Securities qualified...
Part 5. Insurance Operations
33-3-501. Repealed - 33-3-501. Repealed. Sec. 29, Ch. 303, L. 1981. History: En....
33-3-502. Solicitations in other states - 33-3-502. Solicitations in other states. (1) A domestic insurer may...
33-3-503. Membership in mutuals - 33-3-503. Membership in mutuals. (1) Each policyholder of a domestic...
Part 6. Dissolution and Liquidation
33-3-601. Voluntary dissolution of domestic insurers -- plan of dissolution - 33-3-601. Voluntary dissolution of domestic insurers -- plan of dissolution....
33-3-602. Conversion to involuntary liquidation - 33-3-602. Conversion to involuntary liquidation. An insurer may at any...
33-3-603. Revocation of voluntary dissolution - 33-3-603. Revocation of voluntary dissolution. If an insurer revokes the...
33-3-604. Distribution of assets of mutual insurer - 33-3-604. Distribution of assets of mutual insurer. The maximum amount...
Part 7. Disclosure of Material Transactions
33-3-701. Short title - 33-3-701. Short title. This part may be cited as the...
33-3-702. Report - 33-3-702. Report. (1) An insurer domiciled in this state shall...
33-3-703. Acquisitions and dispositions of assets - 33-3-703. Acquisitions and dispositions of assets. (1) Acquisitions or dispositions...
33-3-704. Nonrenewals, cancellations, or revisions of ceded reinsurance agreements - 33-3-704. Nonrenewals, cancellations, or revisions of ceded reinsurance agreements. (1)...