TITLE 41

INSURANCE

CHAPTER 31

COUNTY MUTUAL INSURERS

41-3103.  Filing of articles — Commencement of business. (1) The articles of incorporation of a proposed new county mutual fire insurer, after due execution and acknowledgment as provided in section 41-3102, shall be filed as required by those provisions of section 41-2805 (filing of articles) applying to mutual insurers.

(2)  After the articles of incorporation have been so filed, the directors shall adopt by-laws, elect officers, and apply to the director for a certificate of authority as a county mutual fire insurer. Upon issuance of the certificate of authority the insurer may commence business as a county mutual fire insurer.

History:

[41-3103, added 1961, ch. 330, sec. 661, p. 645.]