TITLE 41

INSURANCE

CHAPTER 2

THE DEPARTMENT OF INSURANCE

41-224.  Examination — Appraisal of asset. (1) If the director deems it necessary to value any asset involved in such an examination, he may make written request of the person being examined to appoint one or more appraisers who by reason of education, experience or special training are competent to appraise such asset. Any such appraiser shall be subject to the written approval of the director. If no such appointment is made within ten (10) days after the request therefor was delivered to such person, the director may appoint the appraiser or appraisers.

(2)  Any such appraisal shall be promptly made, and a copy of the report thereof shall be furnished to the director.

(3)  The reasonable expense of the appraisal shall be borne by the person being examined.

History:

[41-224, added 1961, ch. 330, sec. 41, p. 645.]