§ 4365. Policies
§ 4365. Policies A policy shall not be issued by such association until membership in such number and with such numbers of employees as the Commissioner may decide will give a fair diffusion of risks shall have obligated themselves to take policies immediately upon their authorization, nor shall a policy be issued except such as […]
§ 4366. Officers and voting rights
§ 4366. Officers and voting rights The affairs of such an association shall be managed by such officers and directors as may be chosen in a manner prescribed by the bylaws of the association, provided each member shall be entitled to cast at least one ballot in all elections and votes and that a member […]
§ 4367. Power to prescribe and enforce safety rules
§ 4367. Power to prescribe and enforce safety rules An association formed pursuant to the provisions of this subchapter shall have power to prescribe and enforce reasonable rules for safety on the premises of its members, subject, however, to the approval of the Commissioner of Labor. The association’s inspectors shall have free access to all […]
§ 4368. Premium rates
§ 4368. Premium rates An association formed pursuant to this subchapter shall have power to determine the premium rates for each occupation or risk insured by it and to prescribe rates of cash premiums sufficient to cover losses incurred and current cost. The premium rate on each policy shall prevail for a full year but […]