§ 20-1083 – Law applicable to domestic life and disability reinsurers
20-1083. Law applicable to domestic life and disability reinsurers A. All other provisions of this title that are not inconsistent with the provisions of this article apply to domestic life and disability reinsurers. B. Notwithstanding section 20-223, an unaffiliated credit life and disability reinsurer shall submit an annual statement in a form acceptable to the […]
§ 20-1084 – Articles of incorporation
20-1084. Articles of incorporation A. Five or more individuals aged eighteen years or more may incorporate a domestic life and disability reinsurer. Not less than two-thirds of the incorporators shall be citizens of the United States residing in this state. B. In addition to the requirements of title 10, chapter 2, article 1, the articles […]
§ 20-1085 – Capital
20-1085. Capital A. To qualify for initial authority to transact business a domestic life and disability reinsurer shall possess and thereafter maintain minimum required capital stock in the amount of $100, 000. B. To qualify for initial authority to transact business, an unaffiliated credit life and disability reinsurer shall possess and thereafter maintain unimpaired capital […]
§ 20-1086 – Surplus
20-1086. Surplus A. A life and disability reinsurer shall have on organization initial surplus in an amount not less than one-half of its minimum required capital stock and shall thereafter maintain one-half of such initial surplus. B. This section does not apply to unaffiliated credit life and disability reinsurers.
§ 20-1081 – Domestic life and disability reinsurer
20-1081. Domestic life and disability reinsurer This article applies only to domestic life and disability reinsurers.