40-1602. Execution of contracts by attorney-in-fact.

40-1602

Chapter 40.--INSURANCE
Article 16.--RECIPROCAL OR INTERINSURANCE CONTRACTS

      40-1602.   Execution of contracts byattorney-in-fact.Reciprocal insurance contracts may be executed by anattorney-in-fact, duly authorized and acting for thesubscribers of a reciprocal, andsuch attorney-in-fact may be a corporation. The officeor offices of such attorney-in-fact may be maintained atsuch place or places as may be designated by the subscribers in the power ofattorney.

      History:   L. 1927, ch. 231, 40-1602;L. 2000, ch. 170, § 18; July 1.