Guarantee by insurer of any financial obligation of its officers, directors, stockholders, or members prohibited.

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  5. Guarantee by insurer of any financial obligation of its officers, directors, stockholders, or members prohibited.

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58-5-62. Guarantee by insurer of any financial obligation of its officers, directors, stockholders, or members prohibited.

No insurer shall guarantee any financial obligation of any of its officers, directors, stockholders, or members.

Source: SL 1966, ch 111, ch 16, §22 (2).


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