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Statute »
Chapter 40 »
Article 15 »

2012 Statute

Section Number

40-1501 - Formation of companies; membership fee.

40-1502 - Statement of incorporators to be filed; contents of charter; deposit of securities; certificate of authority.

40-1503 - Application for insurance; premium; insured as members of company.

40-1504 - Assessments; adjustment and payment of losses; losses paid when adjusted, when.

40-1505 - Recovery of assessments; limitation of liability of member.

40-1506 - Reserve fund; investment.

40-1507 - Annual meeting; voting of members.

40-1508 - Officers; election; term.

40-1509 - Meetings of directors.

40-1510 - Powers and duties of directors; bylaws; duties and compensation of officers; rates of insurance and membership fees.

40-1511 - Directors; election; vacancy.

40-1512 - Policies; liability; membership.

40-1513 - Misrepresentations by assured.

40-1514 - Withdrawal by policyholder.

40-1515 - Uniform rates for same class of risks.

40-1516 - Unlawful acts of foreign companies; reinsurance therewith by domestic company prohibited.

40-1517 - Attorney's fee in actions.

40-1518 - Reinsurance; approval of commissioner.

40-1519 - Insuring or reinsuring growing crops against direct loss or damage by fire, when; insuring harvested crops being transported for any loss.