- An insurer formed in this territory shall be either—
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(1) an incorporated stock insurer;
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(2) an incorporated mutual insurer;
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(3) an incorporated specific risks mutual property insurer;
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(4) an incorporated mutual assessment property insurer only;
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(5) an incorporated farm mutual assessment property insurer only; or
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(6) a reciprocal insurer, with respective powers, duties, and restrictions as provided in this title.
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