Every subscriber of a domestic reciprocal insurer having contingent liability shall be liable for, and shall pay his share
of any assessment, as computed and limited in accordance with this chapter, if: [1969, c. 132, §1 (NEW).]
1. While his policy is in force or within one year after its termination, he is notified by either the attorney or the superintendent
of his intentions to levy such assessment, or
[
1973, c. 585, §12 (AMD)
.]
2. If an order to show cause why a receiver, conservator, rehabilitator or liquidator of the insurer should not be appointed
is issued while his policy is in force or within one year after its termination.
[
1969, c. 132, §1 (NEW)
.]
SECTION HISTORY
1969, c. 132, §1 (NEW).
1973, c. 585, §12 (AMD).
Data for this page extracted on 11/09/2009 11:20:25.