Chapter 17. RECIPROCAL INSURERS
31 sections · 33-17-1 to 33-17-31
- 33-17-1Definitions.
- 33-17-2Applicability of chapter.
- 33-17-3Authorization of transaction of insurance by reciprocal insurers generally.
- 33-17-4Types of insurance in which reciprocal insurers authorized to transact business; reinsurance.
- 33-17-5Requirements as to name; actions by and against insurers.
- 33-17-6Procedure for incorporation of domestic reciprocal insurer generally; application for certificate of authority; execution and filing by attorney of declaration; contents of declaration.
- 33-17-7Issuance of certificate of authority; refusal, suspension, or revocation of certificate of authority; renewal of certificate; payment of fees and taxes.
- 33-17-8Filing of bond by attorney for insurer; amount of bond; cancellation of bond.
- 33-17-9Maintenance by attorney of deposit in lieu of bond.
- 33-17-10Actions on attorney’s bond or deposit.
- 33-17-11Rights and powers of attorney for insurer generally; contents and terms of power of attorney; furnishing of copy of power of attorney to subscribers.
- 33-17-12Effect of discharge of duties by attorney of foreign or alien insurer; office of attorney.
- 33-17-13Designation by insurer of person to acknowledge or accept service of process; manner of service of process; effect of judgment based upon process served in manner prescribed.
- 33-17-14Subscribers’ advisory committee.
- 33-17-15Modifications of terms of subscribers’ agreement or of power of attorney.
- 33-17-16General requirements for transaction of insurance by domestic reciprocal insurers.
- 33-17-17Advancement of sums to insurer by attorney or other parties; withdrawal or repayment of advances.
- 33-17-18Persons and organizations authorized to become subscribers; exchange of insurance contracts; personal liability upon contracts.
- 33-17-19Liability of subscribers for obligations of insurer generally; contingent liability assessment.
- 33-17-20Enforcement against subscriber of judgment against insurer.
- 33-17-21Standards for determination by Commissioner of financial condition of insurer.
- 33-17-22Manner of levy of assessments against subscribers generally; computation of assessments.
- 33-17-23Limitation period for assessments.
- 33-17-24Maximum assessable aggregate contingent liability.
- 33-17-25Insufficient assets to discharge liabilities and to maintain required surplus.
- 33-17-26Authorization and procedure for issuance by Commissioner of certificate authorizing insurer to extinguish contingent liability of subscribers; revocation of certificate.
- 33-17-27Distribution of unused premiums, savings, credits, or profits to subscribers.
- 33-17-28Distribution of assets to subscribers upon liquidation of insurer.
- 33-17-29Filing of annual statement with Commissioner.
- 33-17-30Merger of reciprocal insurers; conversion of reciprocal insurers to stock or mutual insurers.
- 33-17-31Exchange of contracts or indemnities by attorneys.