§ 20-173 – Residence requirement; exemption for officer representing insurer
20-173. Residence requirement; exemption for officer representing insurer Notwithstanding the provision of section 38-201, subsection A, to the contrary, a member of a guaranty fund board established pursuant to this title, chapter 3, article 6 or 7, who is appointed to represent an insurer or group of insurers, need not be a resident of this […]
§ 20-167 – Fees; definition
20-167. Fees; definition A. The director shall collect in advance the following fees, determined by the director, which are nonrefundable on payment: Not Less Than: Not More Than: 1. For filing charter documents: (a) Original charter documents, articles of incorporation, bylaws, or record of organization of insurers, or certified copies thereof, required to be filed […]
§ 20-168 – Preparation and sale of publications
20-168. Preparation and sale of publications To the extent he reasonably shall deem desirable and in the public interest, the director may prepare or have prepared books, pamphlets and other publications relating to insurance and sell or resell same in such manner and at such prices not less than cost as he shall determine. All […]
§ 20-169 – Supervision by director
20-169. Supervision by director Notwithstanding any other law, if on examination pursuant to this article or at any other time it appears to or is in the opinion of the director that any insurance company is insolvent, or its condition is such as to render the continuance of its business hazardous to the public or […]
§ 20-170 – Prohibited acts during sixty day period of supervision
20-170. Prohibited acts during sixty day period of supervision During the period of supervision, the director may appoint a supervisor to supervise such insurance company and may provide that the insurance company may not do any of the following things, during the period of supervision, without the prior approval of the director or his supervisor: […]
§ 20-171 – Conservatorship; liquidation
20-171. Conservatorship; liquidation A. If, after notice, and after hearing, at the conclusion of the sixty day period, it is determined that such insurance company has failed to comply with the lawful requirements of the director or upon consent by an insurance company, the director may appoint a conservator, who shall immediately take charge of […]
§ 20-172 – Possession by director of person transacting insurance prior to appointment of receiver; powers of director in possession; stay of possession order; application to title insurance
20-172. Possession by director of person transacting insurance prior to appointment of receiver; powers of director in possession; stay of possession order; application to title insurance A. The director may, upon submission of a verified petition stating that an insurer is in such an unsafe or unsound condition that it is or will become unable […]
§ 20-157.01 – Confidentiality of insurer’s claim files and records; access by director; definition
20-157.01. Confidentiality of insurer’s claim files and records; access by director; definition A. Pursuant to the director’s authority under sections 20-156, 20-157, 20-160, 20-466 and 20-3502, an insurer shall comply with a request to produce any documents, reports or other materials, whether maintained in written or electronic format, from an insurer’s claim file or an […]
§ 20-158 – Report of examinations by director; information sharing
20-158. Report of examinations by director; information sharing A. The director shall make a full written report of each examination. The director or the examiner in charge of the examination shall certify the report. B. The director shall provide a copy of the report to the person examined not less than ten days before filing […]
§ 20-159 – Insurance examiners’ revolving fund; definition
20-159. Insurance examiners’ revolving fund; definition A. The director may establish a separate fund designated as the insurance examiners’ revolving fund. B. The fund shall be used for the examination expenses authorized by section 20-156 and to compensate independent contractor examiners as authorized by section 20-148. Independent contractor examiners may be reimbursed or compensated for: […]