Types of domestic insurers permitted

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  • An insurer formed in this territory shall be either—
    • (1) an incorporated stock insurer;

    • (2) an incorporated mutual insurer;

    • (3) an incorporated specific risks mutual property insurer;

    • (4) an incorporated mutual assessment property insurer only;

    • (5) an incorporated farm mutual assessment property insurer only; or

    • (6) a reciprocal insurer, with respective powers, duties, and restrictions as provided in this title.


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