27-34-12
Section 27-34-12 Preliminary certificate - Initial solicitations and qualifications. Upon receipt
of a preliminary certificate from the commissioner, the society may solicit members for the
purpose of completing its organization, shall collect from each applicant the amount of not
less than one regular monthly premium in accordance with its table of rates as provided by
its constitution and laws and shall issue to each such applicant a receipt for the amount
so collected. No society shall incur any liability other than for the return of such advance
premium, nor issue any certificate, nor pay, allow, or offer or promise to pay or allow any
death or disability benefit to any person until: (1) Actual bona fide applications for death
benefits have been secured aggregating at least $500,000.00 on not less than 500 lives; (2)
All such applicants for death benefits shall have furnished evidence of insurability satisfactory
to the society; (3) Certificates of examinations or acceptable...
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10A-2A-1.21
Section 10A-2A-1.21 Certificate of existence or registration. (a) The Secretary of State, upon
request and payment of the requisite fee, shall furnish to any person a certificate of existence
for a corporation if the writings filed in the office of the Secretary of State show that
the corporation has been incorporated under the laws of this state. A certificate of existence
shall reflect only the information on file with the Secretary of State. A certificate of existence
must state: (1) the corporation's name; (2) that the corporation was incorporated under the
laws of this state, the date of incorporation, and the filing office in which the certificate
of incorporation was filed; (3) whether the corporation has delivered to the Secretary of
State for filing a certificate of dissolution; (4) whether the corporation has delivered to
the Secretary of State for filing a certificate of reinstatement; and (5) other facts of record
in the office of the Secretary of State that are specified...
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27-27-19
Section 27-27-19 Domestic mutual insurers - Failure to complete organization. If the proposed
domestic mutual insurer fails to complete its organization and to secure its original certificate
of authority within one year from, and after, date of its certificate of incorporation, the
corporation shall transact no further business, and the commissioner shall return, or cause
to be returned, to the persons entitled thereto all advance deposits or payments of premiums
held in trust under Section 27-27-18. (Acts 1971, No. 407, p. 707, §515.)...
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27-3-14
Section 27-3-14 Deposit requirements - Alien insurers - Generally. (a) An alien insurer shall
not have authority to transact insurance in this state unless it has and maintains within
the United States as deposits with trustees, public depositaries or in trust institutions
approved by the commissioner under Section 27-3-15 assets available for discharge of its United
States insurance obligations, which assets shall be in amount not less than the outstanding
liabilities of the insurer arising out of its insurance transactions in the United States
together with the greater of the following sums: (1) The largest deposit required by Section
27-3-11 to be made by foreign insurers transacting like kinds of insurance; or (2) $300,000.00.
(b) Of the amount deposited by an alien insurer, an amount not less than that required under
subdivisions (a)(1) or (a)(2) of this section shall be deposited and maintained on deposit
in cash or securities eligible for deposit under Section 27-6-3 with the...
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27-31-5
Section 27-31-5 Attorneys. (a) "Attorney," as used in this chapter, refers to the
attorney-in-fact of a reciprocal insurer. The attorney may be an individual, firm, or corporation.
(b) Contracts of the insurer, including its policies, shall be executed by the attorney, duly
authorized and acting for the subscribers. (c) The attorney of a foreign or alien reciprocal
insurer, which insurer is duly authorized to transact insurance in this state, shall not,
by virtue of discharge of its duties as such attorney with respect to the insurer's transactions
in this state, be thereby deemed to be doing business in this state within the meaning of
any laws of this state applying to foreign firms or corporations. (Acts 1915, No. 280, p.
315; Acts 1971, No. 407, p. 707, §595.)...
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27-36A-3
Section 27-36A-3 Reserve valuation. (a) Policies and contracts issued prior to the operative
date of the valuation manual. (1) The commissioner shall annually value, or cause to be valued,
the reserve liabilities, hereinafter called reserves, for all outstanding life insurance policies
and annuity and pure endowment contracts of every life insurance company doing business in
this state issued on or after January 1, 1972, and prior to the operative date of the valuation
manual. In calculating reserves, the commissioner may use group methods and approximate averages
for fractions of a year or otherwise. In lieu of the valuation of the reserves required of
any foreign or alien insurer, the commissioner may accept any valuation made, or caused to
be made, by the insurance supervisory official of any state or other jurisdiction when valuation
complies with the minimum standard provided in this chapter. (2) The provisions set forth
in Sections 27-36A-5, 27-36A-6, 27-36A-7, 27-36A-8,...
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10A-1-7.01
Section 10A-1-7.01 Foreign entities required to register. (a)(1) For purposes of this Article
7, the terms register, registering, and registered include (i) a foreign entity other than
a foreign limited liability partnership delivering to the Secretary of State for filing an
application for registration and the Secretary of State filing the application for registration,
and (ii) a foreign limited liability partnership delivering to the Secretary of State for
filing a statement of foreign limited liability partnership and the Secretary of State filing
the statement of foreign limited liability partnership. (2) For purposes of this Article 7,
the term registration includes (i) a filed application for registration and (ii) a filed statement
of foreign limited liability partnership. (b) For purposes of this Article 7, the terms transact
business and transacting business shall include conducting a business, activity, not for profit
activity, and any other activity, whether or not for...
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10A-1-7.11
Section 10A-1-7.11 Voluntary withdrawal of registration. (a) A foreign entity registered in
this state may withdraw the foreign entity's registration at any time by filing a certificate
of withdrawal as provided in Article 4. (b) A certificate of withdrawal for a foreign entity
described must state: (1) the name of the foreign entity as set forth on its registration;
(2) the type of foreign entity and the foreign entity's jurisdiction of formation and, in
the case of a foreign limited liability partnership, the jurisdiction which laws govern the
foreign limited liability partnership and its partnership agreement; (3) the street address
and mailing address, if different, of the principal office of the foreign entity; (4) that
the foreign entity no longer is transacting business in this state; (5) that the foreign entity:
(A) revokes the authority of the foreign entity's registered agent in this state to accept
service of process; and (B) consents that service of process in any action,...
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10A-1-7.13
Section 10A-1-7.13 Procedure for and effect of revocation. (a) If the Secretary of State determines
that one or more grounds exist under Section 10A-1-7.12 for revocation of a registration,
the Secretary of State shall serve the foreign entity with written notice of the determination
of the Secretary of State by serving the foreign entity's registered agent, which service
may be by registered mail, or, if the foreign entity has no registered agent or its registered
agent cannot with reasonable diligence be served, by serving the foreign entity by any method
permitted under Sections 10A-1-5.35 and 10A-1-5.36. (b) If the foreign entity does not correct
each ground for revocation or demonstrate to the reasonable satisfaction of the Secretary
of State that each ground determined by the Secretary of State does not exist within 60 days
after service of the notice is perfected under subsection (a), the Secretary of State may
revoke the foreign entity's registration by signing a certificate of...
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27-10-26
Section 27-10-26 Eligibility of insurers for placement of surplus line insurance. (a) A surplus
line broker shall not knowingly place surplus line insurance with an insurer that is unsound
financially, or that is ineligible under this section. The broker shall ascertain the financial
condition of the unauthorized insurer before placing insurance therewith. (b) The broker shall
not so insure with any of the following: (1) With any insurer which is not an authorized insurer
in at least one state of the United States for the kind of insurance involved, and with capital
or surplus, or both, amounting to at least five million dollars ($5,000,000); or guaranteed
trust fund amounting to at least five million dollars ($5,000,000). (2) With an alien insurer
not authorized to transact insurance in at least one state of the United States, unless the
insurer shall have established an effective trust fund of at least two million five hundred
thousand dollars ($2,500,000) within the United States...
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