Time limit for assessments. Every subscriber of a domestic reciprocal insurer having contingent liability shall be liable for, and shall pay his share of any assessment, as computed and limited in accordance with this chapter, if:
1. While his policy is in force or within 1 year after its termination, he is notified by either the attorney or the Commissioner of his intentions to levy such assessment; or
2. If an order to show cause why a receiver, conservator, rehabilitator or liquidator of the insurer should not be appointed is issued while his policy is in force or within 1 year after its termination.
Last modified: February 27, 2006