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§ 58-5-1 |
Scope of chapter |
§ 58-5-2 |
“Stock” insurer defined |
§ 58-5-3 |
“Mutual” insurer defined |
§ 58-5-4 |
Applicability of corporation laws |
§ 58-5-5 |
Incorporation of stock and mutual insurers |
§ 58-5-6 |
Incorporators–Number and qualifications |
§ 58-5-6.1 |
Domestication of foreign company–Requirements and procedure |
§ 58-5-7 |
Articles of incorporation–Execution and acknowledgment–Contents |
§ 58-5-8 |
Articles of incorporation delivered to director with filing fees–Examination and approval by attorney general, return to director |
§ 58-5-9 |
Distribution of copies of approved articles |
§ 58-5-10 |
Disapproval of articles by attorney general–Statement of reasons–Returned to incorporators |
§ 58-5-11 |
Amendment of articles of incorporation–Submission and filing |
§ 58-5-12 |
Bond required of mutual insurer before soliciting applications for insurance–Filing by incorporators–Amount, conditions |
§ 58-5-13 |
Deposit by incorporators of mutual insurer in lieu of bond–Amount |
§ 58-5-14 |
Duration of bond or deposit by mutual insurer |
§ 58-5-15 |
Commencement of solicitation by mutual insurer |
§ 58-5-16 |
Temporary insurance producer’s licenses for solicitation of applications for mutual insurance–Issuance by director |
§ 58-5-17 |
Applications for mutual insurance–Signature by applicant, coverage |
§ 58-5-18 |
Applications for mutual insurance–Contents |
§ 58-5-19 |
Trust deposit of premiums or fees collected by mutual insurer on qualifying applications |
§ 58-5-20 |
Transaction of business without certificate of authority as misdemeanor |
§ 58-5-21 |
Insurance applications and surplus required for original certificate of authority to domestic mutual insurer |
§ 58-5-22 |
Expendable surplus funds required of domestic mutual insurer |
§ 58-5-23 |
Determination by director as to weight to be given to insurance plans |
§ 58-5-24 |
Cessation of corporate powers upon failure of mutual insurer to secure certificate of authority–Return of trust deposit |
§ 58-5-25 |
Issuance of certificate of authority to domestic mutual insurer–Funds in trust deposit become funds of insurer–Delivery of policies–Effective date of policies |
§ 58-5-26 |
Authorization of domestic mutual insurer to transact additional kinds of insurance |
§ 58-5-27 |
Membership of policyholders in domestic mutual insurer–Reinsurance contract excepted |
§ 58-5-28 |
Eligibility to membership in domestic, foreign, or alien mutual insurer |
§ 58-5-29 |
Contingent liability of members of mutual insurer–Exception |
§ 58-5-30 |
Contingent liability of member of mutual insurer not terminated by termination of policy |
§ 58-5-31 |
Unrealized contingent liability of members of mutual not an asset of insurer |
§ 58-5-32 |
Levy of assessment by mutual insurer for contingent liability |
§ 58-5-33 |
Amount of assessment by mutual insurer |
§ 58-5-34 |
Computation of assessment levied by mutual insurer |
§ 58-5-35 |
Offsets not allowed against assessment by mutual insurer |
§ 58-5-36 |
Lien of mutual insurer for levy of assessment for contingent liability |
§ 58-5-37 |
Extinguishment of contingent liability–Issuance of nonassessable policies–Revocation of authority |
§ 58-5-38 |
Extinguishment of contingent liability must apply to all members and policies |
§ 58-5-39 |
Bylaws of domestic mutual insurer–Adoption, modification, and revocation |
§ 58-5-40 |
Meetings of members of domestic mutual insurer–Time, notice, quorum, and conduct |
§ 58-5-41 |
Voting rights of members of domestic mutual insurer |
§ 58-5-42 |
Directors of domestic mutual insurer–Number, qualifications, election, terms of office, and powers |
§ 58-5-43 |
Officers of domestic mutual insurer–Number, designation, election, and terms of office–Powers and duties |
§ 58-5-44 |
Funds of domestic mutual insurer–Deposit, custody, disbursement, and accounting |
§ 58-5-45 |
Management of domestic mutual insurer |
§ 58-5-46 |
Certified copy of bylaws and amendments of domestic mutual insurer filed with director–Disapproval by director, grounds |
§ 58-5-47 |
Bylaws of domestic stock insurer–Adoption, modification, and revocation |
§ 58-5-48 |
Bylaws of domestic stock insurer subject to approval of director |
§ 58-5-49 |
Equity securities of domestic stock insurer–Rules and regulations as to solicitation of proxies, consents, and authorities–Adoption and promulgation |
§ 58-5-50 |
Annual meetings of stockholders or members–Election of directors–Reports of officers of insurer as to affairs–Transaction of other business–Notice of meeting |
§ 58-5-51 |
Special meetings of stockholders or members–Calling by board of directors–Notice |
§ 58-5-52 |
Special meetings of stockholders or members called by secretary on request of directors, stockholders, or members–Failure of secretary to issue call |
§ 58-5-53 |
Stockholder or member compelling board of directors to call annual meeting |
§ 58-5-54 |
Place for holding meetings of stockholders or members–Waiver |
§ 58-5-55 |
Meetings of stockholders or members–Organization for transaction of business, quorum required |
§ 58-5-56 |
Amendment of articles of incorporation at meeting of stockholders or members–Notice of meeting |
§ 58-5-57 |
Reduction of capital of stock insurer–Disapproval by director, grounds |
§ 58-5-58 |
Directors of domestic insurer–Number–Management of affairs of insurer |
§ 58-5-59 |
Election of directors of domestic insurer–Qualifications |
§ 58-5-60 |
Directors of domestic insurer–Terms of office |
§ 58-5-61 |
Pecuniary interest of officer, director, committee member, or employee of domestic insurer in transactions with insurer prohibited–Misdemeanor |
§ 58-5-62 |
Guarantee by insurer of any financial obligation of its officers, directors, stockholders, or members prohibited |
§ 58-5-63 |
Policy holding not a prohibited pecuniary interest |
§ 58-5-64 |
Stock ownership not a prohibited pecuniary interest |
§ 58-5-65 |
Other permitted pecuniary interest of director, officer, or employee of insurer |
§ 58-5-66 |
Compensation of officers and employees of domestic insurer |
§ 58-5-67 |
Pensions to officers and directors of domestic insurers |
§ 58-5-68 |
“Equity security” defined |
§ 58-5-69 |
Statement of ownership of insurance company filed with director–Change of ownership, time for statement |
§ 58-5-70 |
Short sales by insider as misdemeanor–Delivery of securities sold, when required |
§ 58-5-71 |
Profits from insider security transactions accruing to company |
§ 58-5-72 |
Suit to recover insider profits accruing to company |
§ 58-5-73 |
Exemption from insider trading restrictions |
§ 58-5-74 |
Registered and closely held securities exempt from insider trading restrictions |
§ 58-5-75 |
Brokers and market specialists exempt from insider trading restrictions |
§ 58-5-76 |
Arbitrage transactions exempt from insider trading restrictions |
§ 58-5-77 |
Rules and regulations on insider trading |
§ 58-5-78 |
Nonliability for insider trading acts in good faith in conformity with rule or regulation |
§ 58-5-79 |
Management of domestic insurers during national emergency–Continuity, means for facilitating |
§ 58-5-80 |
Bylaws to cover management during national emergency |
§ 58-5-81 |
Quorum of directors during national emergency–Filling vacancies in board |
§ 58-5-82 |
Vice-presidents acting as directors during national emergency–Insufficient number of vice-presidents, appointment of directors by insurance director |
§ 58-5-83 |
Succession to office during national emergency |
§ 58-5-84 |
Principal place of business during national emergency |
§ 58-5-85 |
Domestic insurers–Management and exclusive agency contracts, filing with and approval by director–Violation as misdemeanor |
§ 58-5-86 |
Domestic insurer–Management and exclusive agency contracts, disapproval by director, grounds |
§ 58-5-87 |
Domestic insurer–Management and exclusive agency contracts, time for disapproval by director–Disapproval in writing, statement of grounds |
§ 58-5-93 |
Location of home office and principal place of business of domestic insurers–Records maintained |
§ 58-5-94 |
Assets of domestic insurer to be maintained in state–Exceptions |
§ 58-5-95 |
Director’s consent required for removal of records or assets from state–Unauthorized removal or concealment as felony |
§ 58-5-96 |
Delinquency proceedings by director for removal or attempted removal of records or assets of domestic insurer |
§ 58-5-97 |
Branch offices established by domestic insurer–Transmission of funds outside state–Deposits under custodial arrangements |
§ 58-5-98 |
Prior maintenance by domestic insurer of branch or regional place of business or home office outside state not invalidated |
§ 58-5-99 |
“Reciprocating state” defined |
§ 58-5-100 |
Solicitation by domestic insurer in reciprocating state in which it has no license prohibited |
§ 58-5-101 |
Advertising through publications and broadcasts originating outside reciprocating state not prohibited |
§ 58-5-102 |
Insurance in reciprocating state under contracts issued in state in which licensed not prohibited–Policies issued as an unauthorized insurer permitted under laws of reciprocating state not prohibited |
§ 58-5-103 |
Suspension or revocation of certificate of authority for violation by domestic insurer |
§ 58-5-104 |
Participating policies–Issuance authorized by articles of domestic insurer–Nondiscrimination between policyholders |
§ 58-5-105 |
Continued issuance of participating policies without authorization in articles |
§ 58-5-106 |
Dividends on participating policies not contingent on renewal premiums |
§ 58-5-107 |
Participating policyholder as member |
§ 58-5-108 |
Borrowed surplus of domestic stock or mutual insurer–Agreement to repay, interest |
§ 58-5-109 |
Approval of loan and agreement by director–Disapproval of proposed loan or agreement, grounds |
§ 58-5-110 |
Legal liabilities of insurer on borrowed funds–Disclosure in financial statement |
§ 58-5-111 |
Repayment of loan by domestic insurer |
§ 58-5-112 |
Provisions as to borrowed surplus inapplicable to loans in ordinary course of business or secured by pledge or mortgage |
§ 58-5-113 |
Illegal dividends–Revocation or suspension of certificate of authority |
§ 58-5-114 |
Impairment of capital or surplus of domestic stock or mutual insurer–Determination of amount of deficiency by director–Notice to insurer |
§ 58-5-115 |
Curing impairment of capital or surplus |
§ 58-5-116 |
Assessment of stockholders to cure impairment of capital or surplus–Enforcement |
§ 58-5-117 |
Levy of assessment by mutual insurer to cure deficiency |
§ 58-5-118 |
Officers and directors permitting new business during impairment of capital or surplus–Liability for losses |
§ 58-5-119 |
Failure to cure deficiency, insurer deemed insolvent–Delinquency proceedings |
§ 58-5-120 |
Bulk reinsurance by domestic stock insurer–Agreement, filing with and approval by director |
§ 58-5-121 |
Approval by director of bulk reinsurance agreement–Disapproval |
§ 58-5-122 |
Compensation for promoting bulk reinsurance prohibited |
§ 58-5-123 |
Bulk reinsurance by mutual insurer–Agreement, filing with and approval by director |
§ 58-5-124 |
Members of domestic mutual insurer voting on bulk insurance, requirement by director–Calling of meeting, notice–Limited rights of members of life insurer to vote |
§ 58-5-125 |
Bulk reinsurance by domestic mutual insurer in stock insurer–Payments to members |
§ 58-5-126 |
Approval by director of bulk reinsurance by mutual insurer–Disapproval–Notice |
§ 58-5-127 |
Compensation for promoting bulk reinsurance by mutual insurer |
§ 58-5-128 |
Merger or consolidation of stock insurers |
§ 58-5-129 |
Stock acquisition plan deemed merger–Approval required |
§ 58-5-130 |
Compensation for promoting merger or consolidation of stock insurers |
§ 58-5-131 |
Filing and hearing on consolidation or merger plan–Grounds for disapproval |
§ 58-5-132 |
Participation by other states in hearing on merger or consolidation |
§ 58-5-133 |
Disapproval of merger or consolidation–Notice to insurer |
§ 58-5-134 |
Merger or consolidation of mutual insurers–Procedure |
§ 58-5-135 |
Members of mutual insurer voting on merger or consolidation–Procedure–Limited right of members of life insurer |
§ 58-5-136 |
Provisions applicable to mutual mergers and consolidations |
§ 58-5-138 |
Conversion of mutual to stock insurer restricted |
§ 58-5-138.1 |
Compensation of officer, insurance producer, or employee of converting mutual insurer prohibited |
§ 58-5-139 |
Liquidation of domestic mutual insurer–Distribution of remaining assets to members |
§ 58-5-140 |
Distributive share of each member on liquidation of mutual insurer–Classification of policies |
§ 58-5-143 |
Disclosure of certain material transactions required–Filing a report |
§ 58-5-144 |
Confidentiality of disclosure report |
§ 58-5-145 |
Exception from disclosure requirement–“Material acquisition” defined |
§ 58-5-146 |
Types of asset acquisitions subject to chapter |
§ 58-5-147 |
Types of asset dispositions subject to chapter |
§ 58-5-148 |
Information required in report of material acquisition or disposition of assets |
§ 58-5-149 |
Determining whether to report acquisitions on a nonconsolidated or consolidated basis |
§ 58-5-150 |
Materiality of nonrenewals, cancellations or revisions |
§ 58-5-151 |
Reporting material nonrenewal, cancellation or revision |
§ 58-5-152 |
Required information in reporting material nonrenewal, cancellation, or revision |
§ 58-5-153 |
Determining whether to report material nonrenewals, cancellations, or revisions on a nonconsolidated or consolidated basis |
§ 58-5-154 |
“Qualified education loan insurer” defined |
§ 58-5-155 |
Qualified education loan insurer subject to Title 58–Exceptions |
§ 58-5-156 |
Investment of funds by qualified education loan insurer–Limitations–Permitted rating categories |
§ 58-5-157 |
Investment of funds in securities |
§ 58-5-158 |
Subsidiary investment to be counted as admitted asset |
§ 58-5-159 |
Applicability of federal Bankruptcy Code |
§ 58-5-160 |
Additional exemptions or exemption authority |
§ 58-5-162 |
Corporate governance disclosure–Requirements and limitations |
§ 58-5-163 |
Submission of disclosure–Requirement |
§ 58-5-164 |
Information provided with disclosure–Appropriate corporate level |
§ 58-5-165 |
Duplicate information not required–Documentation |
§ 58-5-166 |
Content and maintenance–Promulgation of Rules |
§ 58-5-167 |
Disclosure documents and other information–Confidential and privileged–Exempt from public record–Permitted uses |
§ 58-5-168 |
Disclosure documents and other materials–Testimony prohibited |
§ 58-5-169 |
Disclosure documents and other materials–Information sharing and receiving |
§ 58-5-170 |
Disclosure review–Expert assistance |
§ 58-5-171 |
Disclosure information–Access by National Association of Insurance Commissioners–Requirements |
§ 58-5-161 |
. Definitions for §§ 58-5-161 |