ARTICLE 3. Filing of Documents [1320. - 1330.]
Article 3 enacted by Stats. 1935, Ch. 145.
§§ 1320–1330 · 12 sections
- § 1320 The attorney of every admitted reciprocal or interinsurance exchange shall verify and cause to be filed with the commissioner copies of the following forms…
- § 1321 If the name of the exchange does not contain either the words “interinsurance,” “reciprocal” or “exchange,” then such forms shall have printed under such name…
- § 1322 The attorney prior to admission shall file with the commissioner a declaration verified by his oath or, where such attorney is a corporation, by the oath of…
- § 1323 Concurrently with the filing of the declaration provided for by the terms of section 1322 the attorney shall file with the commissioner an instrument in…
- § 1324 Except as provided in Section 1330, the attorney, concurrently with the filing of the declaration provided for in Section 1322, also shall file with the…
- § 1325 Such bond shall be executed by the attorney with an admitted surety insurer as surety.
- § 1325.5 Such attorney may deposit with the commissioner, in lieu of the bond executed by him, securities of a value equal to the required amount of the bond and of the…
- § 1326 The attorney’s bond shall be in the penal sum of fifty thousand dollars ($50,000), conditioned that the attorney will faithfully account for all moneys and…
- § 1327 The attorney’s bond may be sued upon in one and the same action either by any subscriber or any number of subscribers suffering loss through a violation of its…
- § 1328 Any amount recovered on the attorney’s bond shall be deposited in and become a part of the funds of the exchange.
- § 1329 Where provision is made, by the power of attorney executed by the subscribers or the rules adopted by the exchange, for the bonding of the attorney-in-fact…
- § 1330 Where the home office of an exchange is located outside of this State and the attorney files such a bond in the home State, there may be filed with the…