58-34-64Liquidation of insurer ordered--Levy of assessment against subscribers.

If liquidation of a reciprocal insurer is ordered, an assessment shall be levied upon the subscribers for such an amount, subject to limits as provided by this chapter, as the director determines to be necessary to discharge all liabilities of the insurer, exclusive of any funds contributed by the attorney or other persons, but including the reasonable cost of the liquidation.

Source: SL 1966, ch 111, ch 19, § 30 (3).