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