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2019 Statute



Prev Article 16. - RECIPROCAL OR INTERINSURANCE CONTRACTSNext


40-1630.Reciprocal; assessable insurance policies, prohibition against issuance. No reciprocal shall issue any assessable insurance policies. The subscribers of a reciprocal shall not be personally liable for the payment of the reciprocal's debts or obligations. Any judgment against a reciprocal shall be binding only upon the reciprocal and not upon each of the reciprocal's subscribers.

History: L. 2000, ch. 170, § 16; July 1.



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2022. Powered by KLISS. Rendered: 2022-07-03T19:05:03. Head Rev No: 593009(E)