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2016 Statute

Section Number

40-3501 - Title of act.
40-3502 - Definitions.
40-3503 - Capital and surplus requirements.
40-3504 - Requirements prior to issuance of policies.
40-3505 - Insuring of certain risks prohibited.
40-3506 - Preparation of information and advertisements concerning real estate investments of financial institutions; prohibited conduct.
40-3507 - Investments; prohibitions.
40-3509 - Certificate of authority; eligibility for; time for compliance.
40-3510 - Discrimination in issuing or extending insurance prohibited; requirements on lender by insurance company authorized; examination of borrower and appraisal report required prior to writing insurance.
40-3511 - Issuance of insurance to lending institutions; extension of coverage to individual loans; consideration as group policies; owner-occupied, single-family dwelling, borrower not liable to company for deficiency arising from foreclosure sale.
40-3512 - Limitation on outstanding liability; temporary waiver.
40-3513 - Payments or rebates as inducements or compensation for or in connection with placement of insurance prohibited; penalties for violations.
40-3514 - Maintaining funds on deposit with insurance company's own insured prohibited; presumptions; other prohibited practices.
40-3515 - Insurance company as member of holding company system; prohibited underwriting activities as condition of certificate of authority; other proscribed activities.
40-3516 - Unearned premium reserve requirement.
40-3517 - Case basis and other loss reserves requirements.
40-3518 - Contingency reserve requirement; withdrawals.
40-3519 - Reinsurance; establishment and maintenance of reserves in appropriate proportions by insurance company and reinsurer.
40-3520 - Establishment of reserves in accord with law of another state where insurance company licensed.
40-3521 - Rules and regulations.