§3617. Assessment -- court review; adjustment of claims where no assessment made
1. Whenever the directors of a mutual assessment insurer make an assessment or call on its members for money, or by vote determine
that there exists a necessity for such assessment or call, they, or any person interested in the insurer as an officer, policyholder
or creditor, may file in the Superior Court in any county, a complaint praying the court to examine the assessment or call
or to determine the necessity therefor and all matters connected therewith, and to ratify, amend or annul the assessment or
call or to order that the same be made as law and justice may require.
[
1969, c. 132, §1 (NEW)
.]
2. The decision on such complaint, when filed by any party except the insurer, or a receiver, or the superintendent, shall
rest in the discretion of the court.
[
1973, c. 585, §12 (AMD)
.]
3. Whenever the directors unreasonably neglect to make an assessment or call to satisfy an admitted or ascertained claim upon
the insurer, any judgment creditor, or any person holding such admitted or ascertained claim, or the superintendent may make
the application. Upon such application, if made by the directors, or upon order of court if made by application of any other
party, the directors shall set forth the claims against the insurer, its assets and all other facts and particulars appertaining
to the matter.
[
1973, c. 585, §12 (AMD)
.]
SECTION HISTORY
1969, c. 132, §1 (NEW).
1973, c. 585, §12 (AMD).
Data for this page extracted on 11/09/2009 11:20:25.