(a) The insurer shall promptly file a copy of its bylaws, duly certified by its president and secretary, with the Insurance Commissioner.
(b) No amendment of bylaws shall be valid and binding upon the insurer's members until a certified copy of the amendment has been on file with the commissioner for a period of at least ten (10) days.
(c) No amendment of an insurer's bylaws affecting rates shall be effective unless and until approved by the commissioner as being reasonable or necessary.
Section: Previous 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 23-72-116 23-72-117 NextLast modified: November 15, 2016