An insurer which otherwise qualifies therefor may be authorized to transact any one (1) kind or combination of kinds of insurance, as defined in ยงยง 23-62-101 -- 23-62-108, except:
(1) A life insurer shall be authorized to transact in addition only accident and health insurance. However, the Insurance Commissioner shall continue to so authorize any life insurer otherwise qualified that, immediately prior to January 1, 1960, was lawfully authorized to transact in this state kinds of insurance in addition to life and accident and health;
(2) A reciprocal insurer shall not transact life insurance; and
(3) A title insurer shall be a stock insurer.
Section: Previous 23-63-202 23-63-203 23-63-204 23-63-205 23-63-206 23-63-207 23-63-208 23-63-209 23-63-210 23-63-211 23-63-212 23-63-213 23-63-214 23-63-215 NextLast modified: November 15, 2016