CHAPTER 7. Fraternal Fire Insurers

Chapter 7 enacted by Stats. 1935, Ch. 145.

§§ 9080–9103 · 27 sections

§ 9080 Except as provided by this chapter, an association organized and operating on or before January 1, 1947, under this chapter is not governed by the provisions…
§ 9080.1 On and after January 1, 1954, no association shall transact insurance under this chapter unless it has theretofore received and continues to hold a certificate…
§ 9080.3 Any religious organization engaged in the business of writing fire insurance solely for its members and its churches on the effective date of this section, and…
§ 9081 Secret fraternal societies, having lodges, councils or granges in this State, conducting their business and securing their membership on the lodge, council or…
§ 9082 Such association shall be formed by filing a certificate in the office of the Secretary of State and a like certificate in the office of the clerk of each…
§ 9083 The officers of the association shall be members of the association, having property insured therein.
§ 9084 Such an association may insure the property of its members against loss or damage by fire for an amount not exceeding ten thousand dollars ($10,000) on any one…
§ 9085 A risk shall not be written by such association except for members in good standing on the books of the society forming the association. A suspension or…
§ 9086 All such associations shall classify the property insured by them at the time of issuing policies on such property. The classification shall be under different…
§ 9087 No property within the corporate limits of any city or town shall be insured except dwellings and the contents thereof, grange halls and the contents thereof,…
§ 9087.5 Section 9087 is not applicable to insurance covering an insurable interest of a member in property which was insured by the association prior to the inclusion…
§ 9088 Such association shall provide in its by-laws for the ascertainment of loss or damage by fire, and for the payment thereof.
§ 9089 Such association by and in its own name may: (a) Sue and be sued. (b) Loan such funds as it has on hand in such manner as its articles of association and its…
§ 9090 Such association creates a mutual agreement of its members to participate in each other’s loss by fire.
§ 9091 Every insured shall give to the association a written instrument binding him to pay his share, proportioned to his insurance in the association, of the expense…
§ 9092 Persons insuring property with the association shall, at the time of effecting the insurance, pay such a percentage in cash, and such other charges, as are…
§ 9093 Policies of the association may be canceled by either party thereto. In such case settlement or adjustment shall be made in accordance with the terms of the…
§ 9094 The secretary of each such association shall prepare an annual statement showing the financial condition of the association, including a statement of all…
§ 9095 (a) (1) An association may, if it has issued an insurance policy against fire, endorse that policy to extend the coverage thereof to include loss or damage…
§ 9096 An association certificated under this chapter is hereby declared to be a charitable and benevolent institution, and all of its funds shall be exempt from all…
§ 9097 An association or organization certified under this chapter may reinsure all of its policies with, and, upon the assumption of all of its liabilities, may…
§ 9098 The plan and agreement by which any transaction permitted by Section 9097 is to be effected shall be approved by the board of directors or other governing body…
§ 9099 The commissioner shall examine such plan and agreement and may require such provisions to be inserted in the agreement and such actions to be taken in…
§ 9100 When any such plan and agreement shall have been approved by the commissioner with such changes, if any, required by him, the same shall be approved by a vote…
§ 9101 The meeting of members at which the transaction is voted upon shall be preceded by a written or printed notice of the meeting and of the purpose to vote…
§ 9102 If the members vote to approve the plan of reinsurance, transfer and assumption, a certified copy of all proceedings relating thereto shall be filed with the…
§ 9103 The board of directors or other governing body of such organization or association shall file with the Secretary of State a duplicate original of the…