§432:1-302 Commissioner refusal to authorize certificate or solicitation; appeal to circuit court. (a) If the commissioner reasonably believes that the financial plan of the society is unsound or not feasible from an actuarial or other accounting standpoint, the commissioner shall refuse to issue a certificate, authorize the society to solicit members, or engage in business.
(b) Any person aggrieved by the decision of the commissioner refusing to issue the certificate, or to authorize the society to solicit members, or to engage in business, may within twenty days after the decision appeal to the circuit court of the circuit in which the society proposes to have its principal place of business. The procedure upon appeal shall be the same as in the case of other appeals to the circuit court in civil cases. The court shall hear the appeal without a jury. [L 1987, c 347, pt of §2]
Section: Previous 432-1-107.5 432-1-108 432-1-201 432-1-202 432-1-203 432-1-204 432-1-301 432-1-302 432-1-303 432-1-304 432-1-305 432-1-306 432-1-307 432-1-308 432-1-401 NextLast modified: October 27, 2016