§435E-21 - Retirement of member.
§435E-21 Retirement of member. Aparticipating member who is then in full compliance with the trust agreementand who has reached the age of sixty-five and who has retired completely fromthe practice of medicine may elect to retire from the interindemnityarrangement, in which case the member shall not be responsible for assessmentslevied following the date notice of retirement is given to the trust. Following retirement, the indemnity coverage shall continue for the benefit ofthe member in respect of occurrences prior to the time the member retired fromthe interindemnity arrangement. The retired member's initial contributionshall be repaid ten years from the date the notice of retirement is received bythe trust, or such earlier date as specified in the trust agreement. [L 1977, c182, pt of §1]