Chapter 16 - Exchange or Reciprocal Insurance Act of 1990
- Part 1 - Exchange or Reciprocal Insurance
- 56-16-101 - Short title Applicability.
- 56-16-102 - Definitions.
- 56-16-103 - Licensed reciprocal authorized to write certain classes of insurance.
- 56-16-104 - Applicable laws.
- 56-16-105 - Power and authority to enter into reciprocal insurance contract.
- 56-16-106 - Business name Requirements.
- 56-16-107 - License required.
- 56-16-108 - Foreign reciprocals Licensing requirements.
- 56-16-109 - Attorney for foreign reciprocal Residence and principal office.
- 56-16-110 - Attorney for foreign reciprocal Execution of contracts.
- 56-16-111 - Agent for reciprocal License required Appointment.
- 56-16-112 - Contingent assessment liability of subscriber.
- 56-16-113 - Reduction or omission of contingent assessment liability Requirements Revocation.
- 56-16-114 - Return of savings or credits to subscribers Distribution.
- 56-16-115 - Maintenance of reserves Requirements.
- 56-16-116 - Consent to service of process.
- 56-16-117 - Action by or against reciprocal Venue Service of process.
- 56-16-118 - Judgment against reciprocal Effect.
- 56-16-119 - Service on board of directors by persons who perform legal or professional service.
- Part 2 - Domestic Reciprocals
- 56-16-201 - Statements of subscribers Filing Contents.
- 56-16-202 - Deposit to be maintained Required amount.
- 56-16-203 - Board of directors Selection Powers.
- 56-16-204 - Subscriber's agreement and power of attorney Power to modify Contents.
- 56-16-205 - Subscriber's agreement and power of attorney Modification.
- 56-16-206 - Advancement of funds for operation.
- 56-16-207 - Assessments Power to levy Computation.
- 56-16-208 - Assessments Time limit for paying.
- 56-16-209 - Liquidation Distribution of assets.
- 56-16-210 - Assets insufficient to settle liabilities Levy of assessment on subscribers Delinquency proceedings.