House Status:
Senate Status:
Senate Status:
2021 Statute
| Prev | Article 16. - RECIPROCAL OR INTERINSURANCE CONTRACTS | Next |  |
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. |
| Prev | Article 16. - RECIPROCAL OR INTERINSURANCE CONTRACTS | Next | |
2023. Powered by KLISS. Rendered: 2023-03-30T14:20:20. Head Rev No: 891713(E)