33-5-201. Organization of reciprocal insurer
33-5-201. Organization of reciprocal insurer. (1) (a) Twenty-five or more persons domiciled in this state may organize a domestic reciprocal insurer and apply to the commissioner for a certificate of authority to transact insurance. (b) Eight or more employers with a total of more than 500 employees may organize a domestic reciprocal insurer and apply to the commissioner […]
33-5-202. Merger or conversion
33-5-202. Merger or conversion. (1) A domestic reciprocal insurer, upon affirmative vote of not less than two-thirds of its subscribers who vote on a merger pursuant to due notice and the approval of the commissioner of the terms, may merge with another reciprocal insurer or be converted to a stock or mutual insurer. (2) A stock or […]