Chapter 5: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS
Subchapter 1: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS
§411. Insuring combinations without additional capital funds
Without additional paid-in capital stock or additional surplus, an authorized insurer may also be authorized: [1969, c. 132, §1 (NEW).]
1. If a life insurer, to grant annuities;
[
1969, c. 132, §1 (NEW)
.]
2. If a health insurer, to insure against congenital defects, as defined in section 707;
[
1969, c. 132, §1 (NEW)
.]
3. If a casualty insurer or multiple line insurer, to transact health insurance; except that this provision does not apply
to a domestic insurer authorized to transact casualty insurance only, pursuant to section 410, subsection 1, paragraph A;
or
[
1991, c. 385, §3 (AMD)
.]
4. To transact employee benefit excess insurance to the extent authorized pursuant to section 707, subsection 3.
[
1991, c. 385, §4 (NEW)
.]
SECTION HISTORY
1969, c. 132, §1 (NEW).
1991, c. 385, §§3,4 (AMD).
Data for this page extracted on 11/09/2009 11:20:25.