§432:1-302 - Commissioner refusal to authorize certificate or solicitation; appeal to circuit court.
§432:1-302 Commissioner refusal toauthorize certificate or solicitation; appeal to circuit court. (a) Ifthe commissioner reasonably believes that the financial plan of the society isunsound or not feasible from an actuarial or other accounting standpoint, thecommissioner shall refuse to issue a certificate, authorize the society tosolicit members, or engage in business.
(b) Any person aggrieved by the decision ofthe commissioner refusing to issue the certificate, or to authorize the societyto solicit members, or to engage in business, may within twenty days after thedecision appeal to the circuit court of the circuit in which the societyproposes to have its principal place of business. The procedure upon appealshall be the same as in the case of other appeals to the circuit court in civilcases. The court shall hear the appeal without a jury. [L 1987, c 347, pt of§2]