TITLE 33. INSURANCE AND INSURANCE COMPANIES

CHAPTER 5. RECIPROCAL INSURERS

Part 5. Insurance Operations

Certificate Of Authority

33-5-502. Certificate of authority. (1) The certificate of authority of a reciprocal insurer shall be issued to its attorney in the name of the insurer.

(2) The commissioner may refuse, suspend, or revoke the certificate of authority, in addition to other grounds therefor, for failure of the attorney to comply with any provision of this code.

History: En. Sec. 546, Ch. 286, L. 1959; R.C.M. 1947, 40-5009.