§ 10-20-120. Prospective Application
This article shall not apply to any insurer which is declared insolvent before July 1, 1991. Source: L. 91: Entire article added, p. 1282, § 1, effective July 1.
§ 10-20-112. Prevention of Insolvencies
To aid in the detection and prevention of insurer insolvencies, it shall be the duty of the commissioner: To notify the commissioners of all the other states, territories of the United States, and the District of Columbia when action is taken in any of the following matters against a member insurer: Revocation of license; Suspension […]
§ 10-20-113. Credits for Assessments Paid – Tax Offsets
A member insurer may offset against its premium tax liability to this state that amount of its class B assessment described in section 10-20-109 that was assessed for the association’s life and annuity accounts pursuant to section 10-20-106 to the extent of twenty percent of the amount of such assessment for each of the first, […]
§ 10-20-114. Miscellaneous Provisions
Nothing in this article reduces the liability for unpaid assessments of the insureds of an impaired or insolvent insurer operating under a plan with assessment liability. The association must keep records of all meetings of the board of directors to discuss the activities of the association in carrying out its powers and duties pursuant to […]
§ 10-20-115. Examination of the Association – Annual Report
The association shall be subject to examination and regulation by the commissioner. The board shall submit to the commissioner each year, not later than one hundred twenty days after the close of the fiscal year of the association, a financial report in a form approved by the commissioner, and a report of the activities of […]
§ 10-20-116. Tax Exemptions
The association shall be exempt from payment of all fees and all taxes levied by this state or any of its subdivisions, except taxes levied on real and personal property. Source: L. 91: Entire article added, p. 1280, § 1, effective July 1.
§ 10-20-117. Immunity
There shall be no liability on the part of and no cause of action of any nature shall arise against any member insurer, its agents, or its employees, the association, its agents, or its employees, members of the board or the commissioner or his representatives for any action or omission by them in the performance […]
§ 10-20-118. Stay of Proceedings – Reopening Default Judgments
All proceedings in which the impaired or insolvent insurer is a party in any court in this state shall be stayed for one hundred eighty days after the date an order of conservation, rehabilitation, or liquidation is final to permit proper legal action by the association on any matters germane to its powers or duties. […]
§ 10-20-119. Prohibited Advertisement of Association Article in Insurance Sales – Notice to Policyholders
No person, including an insurer, agent, or affiliate of an insurer, shall make, publish, disseminate, circulate, or place before the public, or cause directly or indirectly to be made, published, disseminated, circulated, or placed before the public, in any newspaper, magazine, or other publication, or in the form of a notice, circular, pamphlet, letter, or […]
§ 10-20-104. Coverage and Limitations – Coordination of Benefits
This article shall provide coverage for the policies and contracts specified in subsection (2) of this section and to persons: Who are owners of or certificate holders under such policies or contracts, other than structured settlement annuities, and who: Are residents; or Are not residents, but only under all of the following conditions: The insurer […]