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Session Laws, 1922
Volume 563, Page 1201   View pdf image (33K)
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ALBERT C. RITCHIE, GOVERNOR, 1201

RECIPROCAL EXCHANGES AND INTER-INSURERS.

SEC. 132. Reciprocal or Inter-Insurance Contracts; Exemp-
tions. Individuals, partnerships and corporations of this state,
hereby designated as subscribers, are hereby authorized to ex-
change reciprocal or inter-insurance contracts with each other
or. with individuals, partnerships and corporations of other
states and countries providing indemnity among themselves
from any loss which may be insured against under other pro-
visions of the laws of the state, excepting life, health and per-
sonal accident insurance. Such contracts and the exchange
thereof and such subscribers, their attorneys and representa-
tives, shall be regulated by the provisions under this sub-
title and by no other law relating to insurance, unless such law
is referred to under this sub-title, and no law hereafter enacted
shall apply to them, unless they be expressly designated therein.

SEC. 133. Execution of Such Contracts. Such contracts
may be executed by an attorney, agent or other representative,
herein designated attorney, duly authorized and acting for such
subscribers, and such attorney may be a corporation. The office
or offices of such attorney may be maintained at such place1 or
places as may be designated by the subscribers in the power
of attorney.

SEC. 134. Attorney Shall File Verified Declaration. Such
subscribers so contracting among themselves, shall, through
their attorney, file with the insurance commissioner a declara-
tion, verified by the oath of such attorney, or where such at-
torney is a corporation, by oath of the proper officer thereof,
setting forth:

(a) The name of the attorney and the name or designa-
tion under which such contracts are issued, which name or desig-
nation shall not be so similar to any name or designation adopt-
ed by any attorney, or by any insurance organization in the
United States, prior to the adoption of such name or designa-
tion by the attorney, as to confuse or deceive.

(b) The kind or kinds of insurance to be effected or ex-
changed.

(e) A copy of the form of policy contract or agreement
under or by which such insurance is to be effected or exchanged,
(d) A copy of the form of power of attorney or other
authority of such attorney under which such insurance is to
be effected or exchanged.

 

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Session Laws, 1922
Volume 563, Page 1201   View pdf image (33K)
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