CHAPTER 14 - DOMESTIC STOCK AND MUTUAL INSURERS
- ARTICLE 1 - GENERAL PROVISIONS
- § 33-14-1 - Applicability of chapter
- § 33-14-10 - Sale of subscriptions for insurance securities and sale offer of insurance securities
- § 33-14-11 - Charitable, scientific, or educational donations
- § 33-14-12 - Number, qualifications, election, and terms of directors
- § 33-14-13 - Maintenance of principal place of business and records; maintenance of assets within state; removal of records or assets from state without approval
- § 33-14-14 - Filing and terms of management and exclusive agency contracts; approval or disapproval of contracts by Commissioner
- § 33-14-15 - Borrowing of money
- § 33-14-16 - Participating and nonparticipating policies; earned dividend not to be made contingent upon payment of renewal premium
- § 33-14-17 - Voting securities
- § 33-14-18 - Filing of registration statement by holding company prior to offering of stock for sale to public; contents of statement; approval or disapproval of sale by Commissioner
- § 33-14-19 - Regulation of financial interests in and transactions with insurers by officers, directors, committee members, or employees
- § 33-14-2 - Definitions
- § 33-14-20 - Limitation on commission received by persons selling stock of insurers; participation by corporate officers in commissions
- § 33-14-21 - Limitation on organizational expenses
- § 33-14-22 - Proceedings for correction of deficiency in assets or capital of insurer; institution of delinquency proceedings upon failure to correct deficiency
- § 33-14-23 - Extinguishment of charters of corporations not actively engaged in business; automatic extinguishment of charter upon merger or consolidation
- § 33-14-24 - Procedure for voluntary dissolution generally; effective date of dissolution; conditions precedent to effectuation of dissolution
- § 33-14-25 - Procedure for surrender of charter
- § 33-14-26 - Powers and duties of directors as trustees upon expiration of period of corporate existence; filling of vacancies and replacement of directors
- § 33-14-27 - Continuance of corporate existence subsequent to dissolution or expiration
- § 33-14-3 - Applicability of general corporation statutes
- § 33-14-4 - Execution and contents of application for charter
- § 33-14-5 - Filing of application for charter; fee; certification and publication of application; approval or disapproval of charter
- § 33-14-6 - Grant of corporate powers and privileges; issuance of certificate of incorporation; recordation of documents; appointment of attorney for acceptance of service of process
- § 33-14-7 - Name of corporation
- § 33-14-8 - Procedures for amendment or renewal of charter
- § 33-14-9 - Powers of corporations generally
- ARTICLE 2 - DOMESTIC STOCK INSURERS
- § 33-14-40 - Reinsurance of risks generally; bulk insurance agreements
- § 33-14-41 - Dividends payable only out of realized profits or upon special approval of Commissioner
- § 33-14-42 - Illegal dividends
- § 33-14-43 - Authorization and procedure for merger or consolidation; receipt of consideration by directors, officers, agents, or employees
- § 33-14-44 - Authorization and procedure for conversion of stock insurer to mutual insurer
- § 33-14-45 - Classes of common or preferred shares
- ARTICLE 3 - DOMESTIC MUTUAL INSURERS
- § 33-14-60 - Bylaws
- § 33-14-61 - Types of insurance in which newly organized insurers authorized to transact business; requirements as to transaction of particular kinds of insurance generally
- § 33-14-62 - Authorization of transaction of additional kinds of insurance
- § 33-14-63 - Filing of surety bond or deposit by incorporators of proposed insurer; conditions of bond or deposit; release and discharge
- § 33-14-64 - Solicitation of applications for policies upon approval of bond or deposit; provisions and execution of applications; requirement of cash premiums
- § 33-14-65 - Deposit of premiums and fees collected; issuance and delivery of policies by insurers; effective date of insurance
- § 33-14-66 - Return of deposits or premiums upon failure of proposed insurer to complete organization and secure original certificate of authority
- § 33-14-67 - Policyholders deemed members of insurers; persons entitled to become members; liability upon insurance contracts of representatives of members; rights of members generally
- § 33-14-68 - Contingent liability of members
- § 33-14-69 - Levy of assessment by directors; computation of assessment; allowance of offsets against assessments
- § 33-14-70 - Notice of assessment; presumption as to correctness of assessment; proceedings upon failure of member to pay assessment
- § 33-14-71 - Extinguishment of contingent liability; revocation of authority to issue policies without contingent liability; issuance of nonassessable policies by foreign or alien insurers
- § 33-14-72 - Reinsurance of risks
- § 33-14-73 - Dividends payable only out of net realized savings and earnings
- § 33-14-74 - Liability of directors for declaration or payment of illegal dividend
- § 33-14-75 - Procedure for merger or consolidation
- § 33-14-76 - Authorization and procedure for conversion of mutual insurer to stock insurer
- § 33-14-77 - Distribution of assets to members upon liquidation of insurers generally; calculation of distributive shares of members
- ARTICLE 4 - INSIDER TRADING OF DOMESTIC STOCK INSURER EQUITY SECURITIES
- § 33-14-90 - "Equity security" defined
- § 33-14-91 - Filing of statements of equity securities ownership
- § 33-14-92 - Authorization of actions to recover for insurer profits from purchases and sales, or sale and purchase, within period of less than six months
- § 33-14-93 - Unlawful sales of securities
- § 33-14-94 - Transactions exempted from article -- Sales by dealers in ordinary course of business and incident to establishment or maintenance of primary or secondary market
- § 33-14-95 - Transactions exempted from article -- Foreign or domestic arbitrage transactions
- § 33-14-96 - Transactions exempted from article -- Transactions in securities registered under Section 12 of Securities Exchange Act of 1934
- § 33-14-97 - Promulgation of rules and regulations by Commissioner; effect of rules and regulations upon liability under Code Sections 33-14-91 through 33-14-93