4204 – Financial Requirements for the Organization of Stock Accident and Health Insurance Companies and Stock Legal Services Insurance Companies.
§ 4204. Financial requirements for the organization of stock accident and health insurance companies and stock legal services insurance companies. (a) (1) A stock company may be organized in the manner prescribed in section one thousand two hundred one and subsection (e) of section one thousand one hundred two of this chapter and licensed to […]
4205 – Life, Accident and Health, and Legal Services Insurance Companies; Engaging in Other Business.
§ 4205. Life, accident and health, and legal services insurance companies; engaging in other business. No life insurance company licensed to do a life insurance business in this state shall do any business other than the kinds of business specified in paragraphs one, two, three, twenty-nine and thirty-one of subsection (a) of section one thousand […]
4206 – Deposits by Life, Accident and Health, and Legal Services Insurance Companies.
§ 4206. Deposits by life, accident and health, and legal services insurance companies. Before being licensed to do business, every domestic life insurance company, every domestic accident and health insurance company and every domestic legal services insurance company shall deposit with the superintendent at least one hundred thousand dollars in securities eligible for deposits, except […]
4207 – Dividends to Shareholders of Life, and Accident and Health Insurance Companies.
§ 4207. Dividends to shareholders of life, and accident and health insurance companies. (a)(1) For purposes of this subsection, “earned surplus” means an amount equal to an insurer’s positive unassigned funds, excluding eighty-five percent of the change in net unrealized capital gains or losses less capital gains tax, for the immediately preceding calendar year as […]
4208 – Financial and Additional Requirements for the Organization of Mutual Life, Accident and Health, and Legal Services Insurance Companies.
§ 4208. Financial and additional requirements for the organization of mutual life, accident and health, and legal services insurance companies. (a) (1) A mutual insurance company may be incorporated and licensed exclusively to do one or more of the kinds of insurance business specified in paragraphs one, two, three, twenty-nine and thirty-one of subsection (a) […]
4209 – Mutual Life Insurance Companies, Mutual Accident and Health Insurance Companies; Assessments.
§ 4209. Mutual life insurance companies, mutual accident and health insurance companies; assessments. (a) (1) No domestic mutual life insurance company shall issue any policy of life or accident and health insurance or any annuity contract providing for the payment of any assessment by any policyholder or member in addition to the regular premium or […]
4210 – Election of Directors of Domestic Mutual Life Insurance Companies.
§ 4210. Election of directors of domestic mutual life insurance companies. (a) (1) The directors of every domestic mutual life insurance company shall be elected in the manner and subject to the regulations prescribed in this section. (2) Every such company shall, in accordance with its charter, either elect its entire board of directors biennially, […]
4211 – Election of Directors of Domestic Stock Life Insurance Companies.
§ 4211. Election of directors of domestic stock life insurance companies. (a) No election of directors of a domestic stock life insurance company shall be valid unless a copy of the notice of election shall have been filed in the office of the superintendent at least ten days before the day of such election in […]