§ 23-72-107 - Pro rata or level assessment plans.
23-72-107. Pro rata or level assessment plans.
(a) Except as provided in 23-72-118, a mutual assessment insurer may transact insurance on either the pro rata assessment plan only or on the level or stipulated rate plan only.
(b) Each plan shall be governed by the provisions of this chapter made specifically applicable thereto and by those provisions applicable to both plans.