§ 48.09.260. Liability as lien on policy reserves
As to life insurance, any portion of an assessment of contingent liability upon a policyholder which remains unpaid following notice of such assessment, demand for payment, and lapse of a reasonable waiting period as specified in such notice, may, if approved by the commissioner, be secured by placing a lien on the reserves held by the insurer to the credit of such policyholder.
[1949 c 190 § 12; 1947 c 79 § .09.26; Rem. Supp. 1949 § 45.09.26.]
Sections: Previous 48.09.190 48.09.210 48.09.220 48.09.230 48.09.235 48.09.240 48.09.250 48.09.260 48.09.270 48.09.280 48.09.290 48.09.300 48.09.310 48.09.320 48.09.330 NextLast modified: April 7, 2009