CHAPTER 2. REGULATION OF INSURANCE COMPANIES
- Part 1. Authorization of Insurers
- 33-2-101. Certificate of authority required -- administrative and criminal penalties.
- 33-2-102. Exceptions to certificate of authority requirement.
- 33-2-103. Admission for investment only.
- 33-2-104. Representing or aiding unauthorized insurer prohibited.
- 33-2-105. Suits by unauthorized insurers prohibited.
- 33-2-106. General eligibility of insurers.
- 33-2-107. Name -- dissimilar.
- 33-2-108. Combinations of insuring powers.
- 33-2-109. Capital or surplus funds required.
- 33-2-110. Special surplus required.
- 33-2-111. Deposit requirement.
- 33-2-112. Management qualifications and affiliations.
- 33-2-113. and reserved.
- 33-2-115. Application for certificate of authority.
- 33-2-116. Issuance or refusal of certificate of authority -- state ownership of certificate.
- 33-2-117. Renewal, expiration, reinstatement, and amendment of certificate of authority.
- 33-2-118. Mandatory revocation or suspension of certificate of authority.
- 33-2-119. Suspension or revocation for violations and special grounds.
- 33-2-120. Notice of suspension or revocation -- effect upon producer's authority.
- 33-2-121. Duration of suspension -- insurer's obligations -- reinstatement.
- 33-2-122. Rights and duties of foreign insurer.
- 33-2-123. through reserved.
- 33-2-126. Admission as domestic insurer -- conversion to foreign insurer.
- 33-2-127. Effects of transfer of domicile.
- 33-2-128. Authority to promulgate rules and regulations.
- Part 10. Stock Transfers -- Holding Companies (Repealed)
- Part 11. Affiliation and Merger -- Holding Company Systems
- 33-2-1101. Definitions.
- 33-2-1102. Authorization of subsidiaries.
- 33-2-1103. Additional investment authority -- exemption from other investment restrictions -- determination of qualification -- divestiture.
- 33-2-1104. Acquisition of control of or merger with domestic insurer -- filing requisites.
- 33-2-1105. Approval by commissioner -- hearings -- notice.
- 33-2-1106. Exemptions -- violations -- jurisdiction.
- 33-2-1107. through reserved.
- 33-2-1111. Registration of insurers -- requisites -- termination.
- 33-2-1112. Exemptions -- disclaimer -- violations.
- 33-2-1113. Transactions with affiliates -- standards.
- 33-2-1114. Dividends and other distributions -- commissioner approval.
- 33-2-1115. Examination.
- 33-2-1116. Confidentiality of information.
- 33-2-1117. Rules.
- 33-2-1118. Injunctions.
- 33-2-1119. Voting of securities -- prohibition -- injunction -- sequestration.
- 33-2-1120. Criminal or civil proceedings -- penalties.
- 33-2-1121. Receivership.
- 33-2-1122. Revocation, suspension, or nonrenewal of insurer's license.
- 33-2-1123. Judicial review -- mandamus.
- 33-2-1124. Conflict with other laws.
- 33-2-1125. Recovery of dividends.
- Part 12. Limit of Risk -- Reinsurance
- 33-2-1201. Limit of risk.
- 33-2-1202. through reserved.
- 33-2-1205. Repealed.
- 33-2-1206. Bulk reinsurance -- foreign or alien insurers.
- 33-2-1207. Interest in reinsurance.
- 33-2-1208. through reserved.
- 33-2-1211. Bulk reinsurance -- stock insurers.
- 33-2-1212. Bulk reinsurance -- mutual insurers.
- 33-2-1213. through reserved.
- 33-2-1216. Credit allowed domestic ceding insurer.
- 33-2-1217. Reduction of liability for reinsurance ceded by domestic insurer to assuming insurer -- definition.
- 33-2-1218. Reinsurance agreements affected.
- Part 13. Supervision, Rehabilitation, and Liquidation
- 33-2-1301. Short title.
- 33-2-1302. Construction and purpose.
- 33-2-1303. Definitions.
- 33-2-1304. To whom proceedings may be applied.
- 33-2-1305. Who may bring action -- procedure exclusive.
- 33-2-1306. Personal jurisdiction.
- 33-2-1307. Stay pending out-of-state proceedings.
- 33-2-1308. Venue.
- 33-2-1309. Injunctions and orders.
- 33-2-1310. Cooperation of officers, owners, and employees.
- 33-2-1311. Repealed.
- 33-2-1312. through reserved.
- 33-2-1321. Commissioner's summary orders and supervision proceedings.
- 33-2-1322. Court's seizure order.
- 33-2-1323. Confidentiality of proceedings.
- 33-2-1324. through reserved.
- 33-2-1331. Grounds for rehabilitation.
- 33-2-1332. Rehabilitation orders.
- 33-2-1333. Powers and duties of the rehabilitator.
- 33-2-1334. Effect of proceedings on pending and potential litigation.
- 33-2-1335. Standing of guaranty associations in proceedings.
- 33-2-1336. Termination of rehabilitation.
- 33-2-1337. through reserved.
- 33-2-1341. Grounds for liquidation.
- 33-2-1342. Liquidation orders.
- 33-2-1343. Continuance of policy coverage.
- 33-2-1344. Dissolution of insurer.
- 33-2-1345. Powers of liquidator.
- 33-2-1346. Notice to creditors and others.
- 33-2-1347. Duty of insurance producers to give notice.
- 33-2-1348. Effect of proceedings on pending and potential litigation -- actions by liquidator.
- 33-2-1349. Standing of guaranty associations in proceedings.
- 33-2-1350. Collection and listing of assets.
- 33-2-1351. Fraudulent transfers prior to petition.
- 33-2-1352. Fraudulent transfer after petition.
- 33-2-1353. Voidable preferences and liens.
- 33-2-1354. Procedure for voiding preferences and liens.
- 33-2-1355. Set off for further credit given in good faith.
- 33-2-1356. Transactions to pay for attorneys' services.
- 33-2-1357. Personal liability.
- 33-2-1358. Claims of holders of void or voidable rights.
- 33-2-1359. Setoffs.
- 33-2-1360. Assessments against members of insurer.
- 33-2-1361. Reinsurer's liability.
- 33-2-1362. Recovery of premiums owed.
- 33-2-1363. Domiciliary liquidator's proposal to distribute assets.
- 33-2-1364. Filing of claims.
- 33-2-1365. Proof of claim.
- 33-2-1366. Special claims.
- 33-2-1367. Claims of insureds or claimants against insureds.
- 33-2-1368. Disputed claims.
- 33-2-1369. Claims of sureties.
- 33-2-1370. Claims of secured creditors.
- 33-2-1371. Priority of distribution.
- 33-2-1372. Liquidator's recommendations to the court concerning claims.
- 33-2-1373. Distribution of assets.
- 33-2-1374. Unclaimed and withheld funds.
- 33-2-1375. Termination of liquidation proceedings.
- 33-2-1376. Reopening liquidation.
- 33-2-1377. Disposition of records during and after liquidation.
- 33-2-1378. Audit of the receiver's books.
- 33-2-1379. Conservation of property of foreign or alien insurers.
- 33-2-1380. Liquidation of assets of foreign or alien insurers.
- 33-2-1381. Domiciliary liquidators in other states.
- 33-2-1382. Ancillary formal proceedings.
- 33-2-1383. Ancillary summary proceedings.
- 33-2-1384. Claims of nonresidents against insurers domiciled in this state.
- 33-2-1385. Claims of residents against insurers domiciled in reciprocal states.
- 33-2-1386. Exemption from legal process during pendency of liquidation.
- 33-2-1387. Interstate priorities.
- 33-2-1388. Subordination of claims for noncooperation of ancillary receiver.
- 33-2-1389. and reserved.
- 33-2-1391. Condition on release from delinquency proceedings.
- 33-2-1392. Indemnification of rehabilitator, liquidator, and employees -- persons covered.
- 33-2-1393. Indemnification of rehabilitator, liquidator, and employees.
- 33-2-1394. Settlement of actions against rehabilitator, liquidator, and employees -- court approval -- applicability.
- Part 16. Regulation of Managing General Agents
- Part 17. Regulation of Reinsurance Intermediaries
- 33-2-1701. Licensure of reinsurance intermediaries.
- 33-2-1702. Required contract provisions -- reinsurance intermediary-brokers.
- 33-2-1703. Books and records -- reinsurance intermediary-brokers.
- 33-2-1704. Duties of insurers utilizing the services of a reinsurance intermediary-broker.
- 33-2-1705. Required contract provisions -- reinsurance intermediary-managers.
- 33-2-1706. Prohibited acts.
- 33-2-1707. Duties of reinsurers using services of reinsurance intermediary-manager.
- 33-2-1708. Examination authority.
- 33-2-1709. Penalties and liabilities.
- Part 2. State of Entry -- Trusteed Assets of Alien Insurers
- 33-2-201. Scope of part.
- 33-2-202. Required deposit of assets.
- 33-2-203. Existing trusts.
- 33-2-204. Purpose and duration.
- 33-2-205. Trust agreement -- approval.
- 33-2-206. Authority to execute trust agreement.
- 33-2-207. Amendment of trust agreement.
- 33-2-208. Withdrawal of approval.
- 33-2-209. Title to trusteed assets.
- 33-2-210. Assets kept separate.
- 33-2-211. Statement of trustee.
- 33-2-212. Examination of assets.
- 33-2-213. Withdrawal of assets.
- 33-2-214. Substitution of trustee.
- 33-2-215. Canadian insurers.
- Part 3. Authorization of Surplus Line Insurers, Insurance Producers, and Insurance
- 33-2-301. Short title -- purpose -- definitions.
- 33-2-302. Conditions precedent to sale of surplus lines insurance.
- 33-2-303. Filing and endorsement of contract.
- 33-2-304. Surplus lines insurance valid.
- 33-2-305. Licensing of surplus lines insurance producer -- fee.
- 33-2-306. Surplus lines insurance producer's authority under license -- acceptance of business from other insurance producers.
- 33-2-307. Requirements for eligible surplus lines insurers.
- 33-2-308. Evidence of insurance -- changes -- penalty.
- 33-2-309. Liability of insurer as to losses and unearned premiums.
- 33-2-310. Records and annual statement -- affidavit.
- 33-2-311. Tax on surplus lines.
- 33-2-312. Penalty for failure to file statement, pay tax, or pay stamping fee.
- 33-2-313. Revocation or suspension of license.
- 33-2-314. Actions against insurer -- venue.
- 33-2-315. Commissioner appointed process agent -- service of process.
- 33-2-316. Rules.
- 33-2-317. Exemptions.
- 33-2-318. through reserved.
- 33-2-321. Surplus lines advisory organizations -- examination by commissioner -- stamping fee.
- 33-2-322. through reserved.
- 33-2-326. Penalties.
- Part 6. Deposits
- 33-2-601. Authorized deposits of insurers.
- 33-2-602. Purpose of deposit.
- 33-2-603. Securities eligible for deposit.
- 33-2-604. Depositary or custodian.
- 33-2-605. Record of deposits -- liability of commissioner and state.
- 33-2-606. Assignment or conveyance of assets or securities.
- 33-2-607. Appraisal.
- 33-2-608. Rights of insurer during solvency.
- 33-2-609. Excess deposits.
- 33-2-610. Levy upon deposit.
- 33-2-611. Deficiency of deposit -- revocation of certificate.
- 33-2-612. Duration and release of deposit.
- Part 7. Reports, Fees, and Taxes
- 33-2-701. Annual statement -- revocation or fine for failure to file -- penalty for perjury.
- 33-2-702. and reserved.
- 33-2-704. Insured lives reporting requirement.
- 33-2-705. Report on premiums and other consideration -- tax.
- 33-2-706. Repealed.
- 33-2-707. Preemption of taxing.
- 33-2-708. Fees and licenses.
- 33-2-709. Retaliatory fees, taxes, and other obligations.
- 33-2-710. Premium tax imposed on policy issued through nonresident licensee.
- 33-2-711. Terminated.
- 33-2-712. Genetics program fee.
- 33-2-713. Group disability policy exemption.
- 33-2-714. through reserved.
- 33-2-721. Repealed.
- 33-2-722. Repealed.
- 33-2-723. Repealed.
- 33-2-724. Empowerment zone new employees -- tax credit.
- 33-2-725. through reserved.
- 33-2-736. Terminated.
- Part 8. Investments (Repealed)
- 33-2-801. Repealed.
- 33-2-802. Repealed.
- 33-2-803. Repealed.
- 33-2-804. Repealed.
- 33-2-805. Repealed.
- 33-2-806. Repealed.
- 33-2-807. through reserved.
- 33-2-811. Repealed.
- 33-2-812. Repealed.
- 33-2-813. Repealed.
- 33-2-814. Repealed.
- 33-2-815. Repealed.
- 33-2-816. Repealed.
- 33-2-817. Repealed.
- 33-2-818. Repealed.
- 33-2-819. Repealed.
- 33-2-820. Repealed.
- 33-2-821. Repealed.
- 33-2-822. Repealed.
- 33-2-823. Repealed.
- 33-2-824. Repealed.
- 33-2-825. Repealed.
- 33-2-826. Repealed.
- 33-2-827. Repealed.
- 33-2-828. Repealed.
- 33-2-829. Repealed.
- 33-2-830. Repealed.
- 33-2-831. Repealed.
- 33-2-832. Repealed.
- 33-2-833. Repealed.
- 33-2-834. through reserved.
- 33-2-841. Repealed.
- 33-2-842. Repealed.
- 33-2-843. Repealed.
- 33-2-844. through reserved.
- 33-2-851. Repealed.
- 33-2-852. Repealed.
- Part 9. Rehabilitation and Liquidation (Repealed)
- 33-2-901. Repealed.
- 33-2-902. Repealed.
- 33-2-903. Repealed.
- 33-2-904. Repealed.
- 33-2-905. Repealed.
- 33-2-906. Repealed.
- 33-2-907. Repealed.
- 33-2-908. Repealed.
- 33-2-909. Repealed.
- 33-2-910. through reserved.
- 33-2-915. Repealed.
- 33-2-916. Repealed.
- 33-2-917. Repealed.
- 33-2-918. Repealed.
- 33-2-919. and reserved.
- 33-2-921. Repealed.
- 33-2-922. Repealed.
- 33-2-923. Repealed.
- 33-2-924. Repealed.
- 33-2-925. Repealed.
- 33-2-926. Repealed.
- 33-2-927. Repealed.
- 33-2-928. Repealed.
- 33-2-929. and reserved.
- 33-2-931. Repealed.
- 33-2-932. Repealed.
- 33-2-933. Repealed.
- 33-2-934. Repealed.
- 33-2-935. Repealed.
- 33-2-936. Repealed.
- 33-2-937. Repealed.
- 33-2-938. Repealed.
- 33-2-939. Repealed.
- 33-2-940. through reserved.
- 33-2-945. Repealed.
- 33-2-946. Repealed.
- 33-2-947. Repealed.
- 33-2-948. Repealed.