Volume 671, Page 1128 View pdf image (33K) |
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1130 LAWS OF MARYLAND [CH. 553 (b) In addition to the surplus requirements of subsection (a) (c) A reciprocal insurer may be authorized to engage in addi- (d) Reciprocal insurers shall be subject to the deposit require- 283. Organization of Reciprocal Insurer. (a) Twenty-five (25) or more persons domiciled in this State may (b) The proposed attorney shall fulfill the requirements of and (1) The name of the insurer; (2) The location of the insurer's principal office and of the office (3) The kind or kinds of insurance business in which the recipro- (4) A power of attorney appointing the Commissioner as agent (5) The names and addresses of the original subscribers; (6) The designation and appointment of the proposed attorney (7) The names and addresses of the officers and directors of the (8) The powers of the subscribers' advisory committee; and the (9) That all moneys paid to the reciprocal shall, after deducting (10) A copy of the subscribers' agreement; (11) A statement that each of the original subscribers has in |
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Volume 671, Page 1128 View pdf image (33K) |
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