31A-14-215. Assessment by foreign company.
Every foreign mutual insurer authorized in this state shall notify the commissioner
immediately after making an assessment upon any of its members in this state. The insurer shall
attach to the notice a statement of the condition of the insurer, giving the facts showing the
necessity for the assessment. Unless the commissioner orders otherwise under a Chapter 27, Part
5, Administrative Actions, proceeding, a foreign mutual insurer authorized in this state may not
make or increase any assessment because of its inability to collect assessments from its members
in other states.
Amended by Chapter 309, 2007 General Session
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Last revised: Thursday, May 28, 2009