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CHAPTER 58-34

RECIPROCAL INSURERS

58-34-1      "Reciprocal" insurance defined.
58-34-2      "Reciprocal insurer" defined.
58-34-3      "Attorney" defined.
58-34-4      Application of chapter to foreign reciprocal insurers.
58-34-5      Compliance required of existing insurers.
58-34-6      Organization of insurer--Number of persons required.
58-34-7      Application for certificate of authority--Execution and filing--Contents.
58-34-8      Bond of attorney in fact--Filing with and approval by director.
58-34-9      Amount and conditions of bond.
58-34-10      Advance notice of cancellation of bond.
58-34-11      Deposit in lieu of bond.
58-34-12      Action on bond or to recover against deposit.
58-34-13      Business name of insurer--Use in suits by and against.
58-34-14      Surplus funds of domestic reciprocal insurer--Amounts required.
58-34-15      Additional expendable surplus required of new insurer.
58-34-16      Additional kinds of insurance transacted--Minimum amount of surplus funds.
58-34-17      Surplus funds of existing insurers--Laws governing.
58-34-18      Issuance of certificate of authority.
58-34-19      Refusal, suspension, or revocation of certificate of authority--Grounds.
58-34-20      Rights and powers of attorney provided by subscribers' agreement.
58-34-21      Power of attorney--Form and contents.
58-34-22      Power of attorney--Terms--Approval by director.
58-34-23      Service of legal process upon domestic insurer.
58-34-24      Liability of subscribers for judgment against insurer--Service of legal process.
58-34-25      Eligibility to become subscriber.
58-34-26      Authority of corporation to exchange insurance contracts.
58-34-27      Representatives of subscribers not liable on contract.
58-34-28      Advisory committee representing subscribers--Selection.
58-34-29      Advisory committee--Qualifications of members.
58-34-30      Powers of advisory committee.
58-34-31      Modification of subscribers' agreement or power of attorney.
58-34-32      Kinds of business transacted--Life or title insurance excepted.
58-34-33      Reinsurance authorized.
58-34-34      Advance of funds to insurer.
58-34-35      Liability of subscribers several and proportionate.
58-34-36      Contingent assessment liability of subscriber.
58-34-37      Contingent liability stated in assessable policy.
58-34-38      Assessments against subscribers--Authority for levy.
58-34-39      Computation of amounts of assessments--Ratio of deficiency to premiums earned.
58-34-40      Earned premiums, computation for purpose of assessments.
58-34-41      Offset of claim for unearned premium against assessment prohibited.
58-34-42      Time limit for levy of assessment.
58-34-43      Aggregate liability of subscriber--Maximum in one year.
58-34-44      Subscriber not liable until final judgment against insurer.
58-34-45      Limited liability of subscriber on judgment.


58-34-46      Nonassessable policies--Authorization for issuance--Extinguishment of contingent liability.
58-34-47      Extinguishment of contingent liability of all subscribers required for authorization of nonassessable policies.
58-34-48      Impairment of surplus required for nonassessable policies--Revocation of extinguishment authority.
58-34-49      Savings--Distribution to subscribers.
58-34-50      Liquidation--Distribution of remaining assets to subscribers.
58-34-51      Annual statement of insurer--Filing.
58-34-52      Annual statement--Supplemental information required by director.
58-34-53      Determination of financial condition--Rules applied by director.
58-34-54      Premium deposits as assets.
58-34-55      Surplus deposits--Allowance as assets.
58-34-56      Uncollected assessments not allowed as assets.
58-34-57      Contingent liability of subscribers not allowed as asset.
58-34-58      Reserves charged as liabilities.
58-34-59      Computation of reserves.
58-34-60      Surplus deposits of subscribers not a liability.
58-34-61      Merger or conversion prohibited.
58-34-62      Impairment of surplus--Deficiency to be made up.
58-34-63      Failure to make up deficiency--Insurer deemed insolvent.
58-34-64      Liquidation of insurer ordered--Levy of assessment against subscribers.


Back to Title 58