TITLE 41

INSURANCE

CHAPTER 14

PROPERTY INSURANCE RATES

41-1425.  Advisory organizations. (1) No advisory organization shall conduct its operations in this state unless and until it has filed with the director:

(a)  A copy of its constitution, its articles of agreement or association, or its certificate of incorporation and of its by-laws, rules and regulations governing its activities;

(b)  A list of its members and subscribers;

(c)  The name and address of a resident of this state upon whom notices or orders of the director or process issued at his direction may be served; and

(d)  An agreement that the director may examine such advisory organization in accordance with the provisions of section 41-1427.

(2)  Every such advisory organization shall notify the director promptly of every change in its constitution, its articles of certificate of incorporation, or of agreement or association, and of its by-laws, rules and regulations governing conduct of its business; its list of members and subscribers; and the name and address of the resident of this state designated by it upon whom notices or orders of the director or process affecting such organization may be served.

(3)  No such advisory organization shall engage in any unfair or unreasonable practice with respect to such activities.

History:

[41-1425, added 1961, ch. 330, sec. 330, p. 645; am. 1969, ch. 306, sec. 5, p. 917.]