(a) Mutual assessment insurers are prohibited from transacting any insurance except the granting of indemnity against or providing benefits upon death, disability, or accident.
(b) No mutual assessment insurer shall transact property, casualty, surety, or industrial insurance.
(c) For the purposes of this chapter, an "industrial insurer" is an insurer which issues policies granting life, health, and accident indemnities, basing the benefits promised on the payment by the policyholder of a stipulated weekly premium.
Section: Previous 23-72-102 23-72-103 23-72-104 23-72-105 23-72-106 23-72-107 23-72-108 23-72-109 23-72-110 23-72-111 23-72-112 23-72-113 23-72-114 23-72-115 NextLast modified: November 15, 2016