§ 3683a. Acquisitions involving insurers not otherwise covered
§ 3683a. Acquisitions involving insurers not otherwise covered (a) Definitions. For the purposes of this section: (1) “Acquisition” means any agreement, arrangement, or activity the consummation of which results in a person acquiring directly or indirectly the control of another person and includes the acquisition of voting securities and assets, bulk reinsurance, and mergers. (2) […]
§ 3684. Registration of insurers
§ 3684. Registration of insurers (a) Registration. Every insurer which is authorized to do business in this State and which is a member of an insurance holding company system shall register with the Commissioner, except a foreign insurer subject to disclosure requirements and standards adopted by statute or regulation in the jurisdiction of its domicile […]
§ 3635. Insolvency of ceding company
§ 3635. Insolvency of ceding company (a) No credit shall be allowed, as an admitted asset or deduction from liability, to any ceding insurer for reinsurance, unless the reinsurance contract provides, in substance, that in the event of the insolvency of the ceding insurer, the reinsurance shall be payable under contract or contracts reinsured by […]
§ 3636. Reinsurance contract
§ 3636. Reinsurance contract In the event of the rehabilitation, receivership, or liquidation of a ceding insurer, no person shall have any rights against the reinsurer of such ceding insurer which are not specifically set forth in the contract of reinsurance or in a specific agreement between the reinsurer and the person. (Added 1985, No. […]
§ 3641. Claims, rights, title, and interests of nonresidents
§ 3641. Claims, rights, title, and interests of nonresidents When by the terms of any policy of insurance, annuity contract, or contract supplemental to any policy of insurance or annuity contract, issued by an insurance company organized under the laws of this State, any claim, right, title, or interest therein is vested in a person […]
§ 3642. Liability for payments to nonresidents
§ 3642. Liability for payments to nonresidents An action shall not be maintained against any such insurance company upon any right of action arising out of an insurance policy, annuity contract, or contract supplemental to any insurance policy or annuity contract, issued by such company, vested in a person residing in another state or country, […]
§ 3661. Cease and desist powers; prosecutions and penalties
§ 3661. Cease and desist powers; prosecutions and penalties (a) When the Commissioner believes that an insurer or an officer or agent thereof, or any other person, has violated the law, an administrative rule of the Department, or an order of the Commissioner relating to insurance, or has not complied with its requirements, he or […]
§ 3662. Nonpayment of judgment; penalty
§ 3662. Nonpayment of judgment; penalty In addition to accrual of interest and costs under section 3665 of this title, if a judgment against an insurance company is not paid within 30 days after demand made upon an agent of such company, and notice thereof given to the Commissioner by the officer holding the execution, […]
§ 3663. Minimum limitation on actions; void policy provisions
§ 3663. Minimum limitation on actions; void policy provisions A policy of fire, life, accident, liability, or burglary insurance, or an indemnity, surety, or fidelity contract or bond issued or delivered in this State by an insurance company doing business herein shall not contain a condition or clause limiting the time of commencement of an […]
§ 3664. Forms; filing proof of loss and other documents, waiver of filing
§ 3664. Forms; filing proof of loss and other documents, waiver of filing Insurance companies, societies, or associations, or insurance adjusters appointed by said companies, societies, or associations shall furnish in form for completion by the claimant, as defined in section 3665a of this title, or beneficiary, as defined in section 3665b of this title, […]