§ 23-88-308. Commissioner’s powers and duties
(a) In addition to approving the plan of operation, the Insurance Commissioner shall have the authority to promulgate rules necessary to effect the purpose of this subchapter. (b) Further, after review of annual statements, other reports, and any other statistics which the commissioner deems necessary, the commissioner shall certify to the plan the aggregate net […]
§ 23-88-309. Appeals
Any applicant for a policy, any persons insured under the plan, and any agency or insurer affected by the plan may appeal to the Insurance Commissioner any ruling or decision of the governing board or the authorized representative designated to operate a plan.
§ 23-88-401. Title
This subchapter may be referred to as the “Fire Loss Reporting Act of 2003”.
§ 23-88-404. Notice regarding fire protection
(a) In an effort to educate policyholders of the benefits of fire protection, every insurance company shall include in the premium notice to policyholders the following notice: (b) The notice prescribed by subsection (a) of this section shall be in 12-point type or larger. “IMPORTANT NOTICE REGARDING FIRE PROTECTION Did you know that the firefighting […]
§ 23-88-405. Rules
The Insurance Commissioner may adopt reasonable rules to enforce the provisions of this subchapter.
§ 23-88-207. Requirement to enter into insurance contract
(a) No insurer may enter into a contract to insure any building, except one (1) to four (4) family owner-occupied dwellings, against the peril of fire to be issued after July 4, 1983, unless the insurer first receives an antiarson application signed and affirmed by the insured, if required by the Insurance Commissioner in accordance […]
§ 23-88-208. Notification of change in information
(a) Policyholders shall notify their insurer of any change in the information contained in the antiarson application, within a period of time to be specified. (b) A material failure to notify or a material misrepresentation in the notification shall be deemed grounds to rescind the insurance policy.
§ 23-88-209. Alternative applications
(a) The Insurance Commissioner may not mandate the use of any applications other than the antiarson application as defined in § 23-88-202. However, the commissioner may mandate alternative antiarson applications pursuant to a finding after a public hearing that: (1) There exist certain types of policies, certain classes of property, and certain geographic areas of […]
§ 23-88-210. Termination of policies or contracts
(a) Despite any other provision of law which limits the time for termination of insurance policies to the contrary, an insurer may terminate any policy or contract of insurance when the antiarson application or any alternative antiarson application, as provided in § 23-88-209, is required at any time within ninety (90) days from the insurer’s […]
§ 23-88-101. Valued policy law
(a) (1) Except as provided in subsection (b) of this section, in case of a total loss by fire or natural disaster of the property insured, a property insurance policy other than for flood and earthquake insurance shall be held and considered to be a liquidated demand against the company taking the risk for the […]