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Section 58-34-1 - Reciprocal insurance defined. - 58-34-1. Reciprocal insurance defined. "Reciprocal" insurance is that resulting from...
Section 58-34-2 - Reciprocal insurer defined. - 58-34-2. Reciprocal insurer defined. A "reciprocal insurer" means an unincorporated...
Section 58-34-3 - Attorney defined. - 58-34-3. Attorney defined. "Attorney," as used in this chapter, refers...
Section 58-34-4 - Application of chapter to foreign reciprocal insurers. - 58-34-4. Application of chapter to foreign reciprocal insurers. All authorized...
Section 58-34-5 - Compliance required of existing insurers. - 58-34-5. Compliance required of existing insurers. Authorized reciprocal insurers existing...
Section 58-34-6 - Organization of insurer--Number of persons required. - 58-34-6. Organization of insurer--Number of persons required. Twenty-five or more...
Section 58-34-7 - Application for certificate of authority--Execution and filing--Contents. - 58-34-7. Application for certificate of authority--Execution and filing--Contents. The proposed...
Section 58-34-8 - Bond of attorney in fact--Filing with and approval by director. - 58-34-8. Bond of attorney in fact--Filing with and approval by...
Section 58-34-9 - Amount and conditions of bond. - 58-34-9. Amount and conditions of bond. The bond required by...
Section 58-34-10 - Advance notice of cancellation of bond. - 58-34-10. Advance notice of cancellation of bond. The bond required...
Section 58-34-11 - Deposit in lieu of bond. - 58-34-11. Deposit in lieu of bond. In lieu of the...
Section 58-34-12 - Action on bond or to recover against deposit. - 58-34-12. Action on bond or to recover against deposit. Action...
Section 58-34-13 - Business name of insurer--Use in suits by and against. - 58-34-13. Business name of insurer--Use in suits by and against....
Section 58-34-14 - Surplus funds of domestic reciprocal insurer--Amounts required. - 58-34-14. Surplus funds of domestic reciprocal insurer--Amounts required. A domestic...
Section 58-34-15 - Additional expendable surplus required of new insurer. - 58-34-15. Additional expendable surplus required of new insurer. In addition...
Section 58-34-16 - Additional kinds of insurance transacted--Minimum amount of surplus funds. - 58-34-16. Additional kinds of insurance transacted--Minimum amount of surplus funds....
Section 58-34-17 - Surplus funds of existing insurers--Laws governing. - 58-34-17. Surplus funds of existing insurers--Laws governing. A domestic reciprocal...
Section 58-34-18 - Issuance of certificate of authority. - 58-34-18. Issuance of certificate of authority. The certificate of authority...
Section 58-34-19 - Refusal, suspension, or revocation of certificate of authority--Grounds. - 58-34-19. Refusal, suspension, or revocation of certificate of authority--Grounds. The...
Section 58-34-20 - Rights and powers of attorney provided by subscribers' agreement. - 58-34-20. Rights and powers of attorney provided by subscribers' agreement....
Section 58-34-21 - Power of attorney--Form and contents. - 58-34-21. Power of attorney--Form and contents. The power of attorney...
Section 58-34-22 - Power of attorney--Terms--Approval by director. - 58-34-22. Power of attorney--Terms--Approval by director. The terms of any...
Section 58-34-23 - Service of legal process upon domestic insurer. - 58-34-23. Service of legal process upon domestic insurer. Legal process...
Section 58-34-24 - Liability of subscribers for judgment against insurer--Service of legal process. - 58-34-24. Liability of subscribers for judgment against insurer--Service of legal...
Section 58-34-25 - Eligibility to become subscriber. - 58-34-25. Eligibility to become subscriber. Individuals, partnerships, associations, and corporations,...
Section 58-34-26 - Authority of corporation to exchange insurance contracts. - 58-34-26. Authority of corporation to exchange insurance contracts. Any corporation...
Section 58-34-27 - Representatives of subscribers not liable on contract. - 58-34-27. Representatives of subscribers not liable on contract. Any officer,...
Section 58-34-28 - Advisory committee representing subscribers--Selection. - 58-34-28. Advisory committee representing subscribers--Selection. The advisory committee of a...
Section 58-34-29 - Advisory committee--Qualifications of members. - 58-34-29. Advisory committee--Qualifications of members. Not less than two-thirds of...
Section 58-34-30 - Powers of advisory committee. - 58-34-30. Powers of advisory committee. The advisory committee of a...
Section 58-34-31 - Modification of subscribers' agreement or power of attorney. - 58-34-31. Modification of subscribers' agreement or power of attorney. Modifications...
Section 58-34-32 - Kinds of business transacted--Life or title insurance excepted. - 58-34-32. Kinds of business transacted--Life or title insurance excepted. A...
Section 58-34-33 - Reinsurance authorized. - 58-34-33. Reinsurance authorized. A reciprocal insurer may purchase reinsurance, and...
Section 58-34-34 - Advance of funds to insurer. - 58-34-34. Advance of funds to insurer. The attorney or other...
Section 58-34-35 - Liability of subscribers several and proportionate. - 58-34-35. Liability of subscribers several and proportionate. The liability of...
Section 58-34-36 - Contingent assessment liability of subscriber. - 58-34-36. Contingent assessment liability of subscriber. Except as to a...
Section 58-34-37 - Contingent liability stated in assessable policy. - 58-34-37. Contingent liability stated in assessable policy. Each assessable policy...
Section 58-34-38 - Assessments against subscribers--Authority for levy. - 58-34-38. Assessments against subscribers--Authority for levy. Assessments may be levied...
Section 58-34-39 - Computation of amounts of assessments--Ratio of deficiency to premiums earned. - 58-34-39. Computation of amounts of assessments--Ratio of deficiency to premiums...
Section 58-34-40 - Earned premiums, computation for purpose of assessments. - 58-34-40. Earned premiums, computation for purpose of assessments. In computing...
Section 58-34-41 - Offset of claim for unearned premium against assessment prohibited. - 58-34-41. Offset of claim for unearned premium against assessment prohibited....
Section 58-34-42 - Time limit for levy of assessment. - 58-34-42. Time limit for levy of assessment. Every subscriber of...
Section 58-34-43 - Aggregate liability of subscriber--Maximum in one year. - 58-34-43. Aggregate liability of subscriber--Maximum in one year. No one...
Section 58-34-44 - Subscriber not liable until final judgment against insurer. - 58-34-44. Subscriber not liable until final judgment against insurer. No...
Section 58-34-45 - Limited liability of subscriber on judgment. - 58-34-45. Limited liability of subscriber on judgment. Any such judgment...
Section 58-34-46 - Nonassessable policies--Authorization for issuance--Extinguishment of contingent liability. - 58-34-46. Nonassessable policies--Authorization for issuance--Extinguishment of contingent liability. If a...
Section 58-34-47 - Extinguishment of contingent liability of all subscribers required for authorization of nonassessable policies. - 58-34-47. Extinguishment of contingent liability of all subscribers required for...
Section 58-34-48 - Impairment of surplus required for nonassessable policies--Revocation of extinguishment authority. - 58-34-48. Impairment of surplus required for nonassessable policies--Revocation of extinguishment...
Section 58-34-49 - Savings--Distribution to subscribers. - 58-34-49. Savings--Distribution to subscribers. A reciprocal insurer may from time...
Section 58-34-50 - Liquidation--Distribution of remaining assets to subscribers. - 58-34-50. Liquidation--Distribution of remaining assets to subscribers. Upon the liquidation...
Section 58-34-51 - Annual statement of insurer--Filing. - 58-34-51. Annual statement of insurer--Filing. The annual statement of a...
Section 58-34-52 - Annual statement--Supplemental information required by director. - 58-34-52. Annual statement--Supplemental information required by director. The annual statement...
Section 58-34-53 - Determination of financial condition--Rules applied by director. - 58-34-53. Determination of financial condition--Rules applied by director. In determining...
Section 58-34-54 - Premium deposits as assets. - 58-34-54. Premium deposits as assets. All premium deposits delinquent less...
Section 58-34-55 - Surplus deposits--Allowance as assets. - 58-34-55. Surplus deposits--Allowance as assets. The surplus deposits of subscribers...
Section 58-34-56 - Uncollected assessments not allowed as assets. - 58-34-56. Uncollected assessments not allowed as assets. An assessment levied...
Section 58-34-57 - Contingent liability of subscribers not allowed as asset. - 58-34-57. Contingent liability of subscribers not allowed as asset. The...
Section 58-34-58 - Reserves charged as liabilities. - 58-34-58. Reserves charged as liabilities. The director shall charge as...
Section 58-34-59 - Computation of reserves. - 58-34-59. Computation of reserves. The computation of reserves shall be...
Section 58-34-60 - Surplus deposits of subscribers not a liability. - 58-34-60. Surplus deposits of subscribers not a liability. The surplus...
Section 58-34-61 - Merger or conversion prohibited. - 58-34-61. Merger or conversion prohibited. A domestic reciprocal insurer shall...
Section 58-34-62 - Impairment of surplus--Deficiency to be made up. - 58-34-62. Impairment of surplus--Deficiency to be made up. If the...
Section 58-34-63 - Failure to make up deficiency--Insurer deemed insolvent. - 58-34-63. Failure to make up deficiency--Insurer deemed insolvent. If the...
Section 58-34-64 - Liquidation of insurer ordered--Levy of assessment against subscribers. - 58-34-64. Liquidation of insurer ordered--Levy of assessment against subscribers. If...