Action on the attorney-in-fact's bond or to recover against a deposit made in lieu of the bond may be brought at any time by one or more subscribers suffering loss through a violation of its conditions, or by a receiver or liquidator of the insurer. Amounts recovered on the bond shall be deposited in and become part of the insurer's funds. The total aggregate liability of the surety shall be limited to the amount of the penalty of the bond.
Section: Previous 21.75.050 21.75.055 21.75.060 21.75.070 21.75.080 21.75.090 21.75.100 21.75.110 21.75.115 21.75.120 21.75.130 21.75.135 21.75.140 21.75.150 21.75.160 NextLast modified: November 15, 2016