20-1024. Application for license;
contents
The attorney shall file with the director a verified application for a certificate
of authority setting forth and accompanied by:
1. The name of the attorney or attorneys and the title under which the business is
to be conducted, which title shall contain the name Lloyd's and the name of the country
or state under which it is organized, and shall not be so similar to any name or title in
use in this state as to be likely to confuse or deceive.
2. The location of the principal office.
3. The kind or combination of kinds of insurance to be written, as defined in
article 2 of chapter 2 of this title.
4. A copy of the form of power of attorney by virtue of which the attorney is to
act for and bind the several underwriters, and a copy of the articles of agreement
entered into between the underwriters themselves and the attorney.
5. The names and addresses of all underwriters, whose number shall not be smaller
than three.
6. A financial statement showing in detail the assets contributed or accumulated in
the hands of the attorneys-in-fact, committee of underwriters, trustees, or other
officers of such Lloyd's association, together with the liabilities incurred and
outstanding and the income received and disbursements made by the attorney for the
underwriters.
7. An instrument executed by each and all of the underwriters specially empowering
the attorney to accept service of process for each underwriter in any action on any
policy or contract of insurance, and an instrument from the attorney to the director
delegating the attorney's powers in this respect to the director.
|