Section 27-43-7 Procedure for incorporation of legal services insurance corporation generally. (a) Any number of corporate or adult natural persons may organize a legal service insurance corporation under this section. (b) The articles of incorporation shall conform to the requirements applicable to corporations, except that: (1) The name of the corporation shall indicate that payment […]
Section 27-43-8 Filing of application for certificate of authority; contents of application; issuance of certificate. (a) The incorporators shall file with the commissioner an application for a certificate of authority to do business upon a form to be furnished by the department, which shall include or have attached the following: (1) The names and, for […]
Section 27-43-9 Bond or deposit requirements. (a) To assure the faithful performance of its obligations in the event of insolvency, each corporation authorized under Section 27-43-8 shall, through the commissioner, deposit and maintain with the Treasurer of the State securities of the type eligible for deposit by insurers under Section 27-6-3, which securities shall have […]
