Chapter 5: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS
Subchapter 1: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS
§415. Continuation of certificate of authority
1. A certificate of authority continues in force as long as the insurer is entitled under this Title and until suspended or
revoked by the superintendent or terminated at the insurer's request.
A. [1995, c. 544, §3 (RP).]
B. [1995, c. 544, §3 (RP).]
C. [1995, c. 544, §3 (RP).]
[
1995, c. 544, §3 (AMD)
.]
2.
[
1995, c. 544, §4 (RP)
.]
3. The superintendent may, upon the insurer's request made within 3 months after suspension, reinstate a certificate of authority
that the superintendent suspended due to the insurer's failure to pay the annual fee upon payment by the insurer of the fee
for reinstatement specified in section 601. Otherwise the insurer may be granted another certificate of authority only after
filing application therefor and meeting all other requirements as for an original certificate of authority in this State.
[
1997, c. 592, §11 (AMD)
.]
4.
[
1997, c. 592, §11 (RP)
.]
5.
[
1997, c. 592, §11 (RP)
.]
SECTION HISTORY
1969, c. 132, §1 (NEW).
1973, c. 585, §12 (AMD).
1975, c. 767, §§10,11 (AMD).
1977, c. 222, §1 (AMD).
1977, c. 694, §398 (AMD).
1981, c. 501, §§39,40 (AMD).
1995, c. 544, §§3,4 (AMD).
1997, c. 592, §11 (AMD).
Data for this page extracted on 11/09/2009 11:20:25.