Report for assessment.

Checkout our iOS App for a better way to browser and research.

Within three (3) years from the date an order or rehabilitation or liquidation of a domestic mutual insurer or a domestic reciprocal insurer was filed in the office of the clerk of the court by which such order was made, the Insurance Commissioner may make a report to the court setting forth:

1. The reasonable value of the assets of the insurer,

2. The insurer's probable liabilities, and

3. The probable necessary assessment, if any, to pay all claims and expenses in full, including expenses of administration.

Laws 1957, p. 302, § 1831; Laws 1975, c. 316, § 12, emerg. eff. June 12, 1975.


Download our app to see the most-to-date content.