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Oct. 20, 2017
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2016 Statute

Section Number

40-1501 - Formation of companies; membership fee.
40-1502 - Statement of incorporators to be filed; contents of charter; deposit of securities; certificate of authority.
40-1503 - Application for insurance; premium; insured as members of company.
40-1504 - Assessments; adjustment and payment of losses; losses paid when adjusted, when.
40-1505 - Recovery of assessments; limitation of liability of member.
40-1506 - Reserve fund; investment.
40-1507 - Annual meeting; voting of members.
40-1508 - Officers; election; term.
40-1509 - Meetings of directors.
40-1510 - Powers and duties of directors; bylaws; duties and compensation of officers; rates of insurance and membership fees.
40-1511 - Directors; election; vacancy.
40-1512 - Policies; liability; membership.
40-1513 - Misrepresentations by assured.
40-1514 - Withdrawal by policyholder.
40-1515 - Uniform rates for same class of risks.
40-1516 - Unlawful acts of foreign companies; reinsurance therewith by domestic company prohibited.
40-1517 - Attorney's fee in actions.
40-1518 - Reinsurance; approval of commissioner.
40-1519 - Insuring or reinsuring growing crops against direct loss or damage by fire, when; insuring harvested crops being transported for any loss.
2017. Powered by KLISS. Rendered: 2017-10-20T02:42:03. Head Rev No: 274302