If the proposed domestic mutual insurer fails to complete its organization and to secure its original certificate of authority within one (1) year from and after the date of its certificate of incorporation, the corporation shall be dissolved by the Insurance Commissioner. The commissioner shall then return or cause to be returned to the persons entitled thereto all advance deposits or payments of premiums held in trust under ยง 23-69-115.
Section: Previous 23-69-109 23-69-110 23-69-111 23-69-112 23-69-113 23-69-114 23-69-115 23-69-116 23-69-117 23-69-118 23-69-119 23-69-120 23-69-121 23-69-122 23-69-123 NextLast modified: November 15, 2016