Volume 772, Page 2233 View pdf image |
WILLIAM DONALD SCHAEFER, Governor Ch. 405 (3) THIS SUBSECTION APPLIES TO A PERSON THAT MAINTAINS AN 700. (A) THE COMMISSIONER MAY REQUIRE A REINSURANCE MANAGER TO: (1) SUBJECT TO SUBSECTION (B) OF THIS SECTION, FILE A BOND FROM (2) MAINTAIN AN ERRORS AND OMISSIONS POLICY IN AN AMOUNT (B) (1) THE BOND REQUIRED UNDER SUBSECTION (A)(1) OF THIS SECTION (I) AUTHORIZED TO WRITE SURETY INSURANCE IN THIS STATE; (II) ACCEPTABLE TO THE COMMISSIONER. (2) SUBJECT TO THE APPROVAL OF THE COMMISSIONER, A 701. (A) (1) ON THE FORM PROVIDED BY THE COMMISSIONER, EACH (2) THE APPOINTMENT: (I) IS IRREVOCABLE; (II) BINDS THE APPLICANT AND ANY SUCCESSOR IN INTEREST; (III) REMAINS IN EFFECT AS LONG AS THERE IS IN FORCE IN THIS (B) (1) EACH NONRESIDENT APPLICANT SHALL PROVIDE THE (2) (I) A NONRESIDENT LICENSEE PROMPTLY SHALL NOTIFY THE - 2233 -
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Volume 772, Page 2233 View pdf image |
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