Chapter 16. FARMERS’ MUTUAL FIRE INSURANCE COMPANIES
22 sections · 33-16-1 to 33-16-22
- 33-16-1Scope of chapter.
- 33-16-2‘‘Domestic farmers’ mutual fire insurance companies’’ defined; risks against which companies may write insurance.
- 33-16-3Procedure for incorporation of companies generally; filing and contents of application for charter; granting of charter by Secretary of State.
- 33-16-4Issuance of certificate of authority; qualifications; proposed changes to plan of operation.
- 33-16-5Annual license fee.
- 33-16-6Board of directors generally.
- 33-16-7Power of board to borrow money and pledge assets of company.
- 33-16-8Contents of bylaws generally; amendment of bylaws; provision for exclusion of members.
- 33-16-9Inclusion of bylaws in insurance policy; inclusion in policy of statement of contingent liability of members.
- 33-16-10Inclusion in policy of provision against waiver of bylaws.
- 33-16-11Holding of annual and special meetings of members; notice of meetings.
- 33-16-12Voting by policyholders at meetings.
- 33-16-13Amount of minimum surplus required.
- 33-16-14Limitations on amounts of risks.
- 33-16-15Reinsurance.
- 33-16-16Liability of members for losses and expenses of companies.
- 33-16-17Actions by or against companies.
- 33-16-18Filing of annual statement with Commissioner.
- 33-16-19Examination of companies by Commissioner; payment of costs of examinations.
- 33-16-20Exemption from taxes, costs, and fees.
- 33-16-21Applicability of other provisions of title to companies.
- 33-16-22Conversion of companies into mutual insurance companies.