40-607. Regulations and restrictions of foreign mutual assessment life associations.
40-607
40-607. Regulations and restrictions of foreign mutual assessment lifeassociations.Foreign mutual assessment life associations shall be admitted to thisstate upon complying with the requirements of section 40-209, provided suchassociations are required by the laws of the states of their domicile to,or they do voluntarily, maintain the reserves, segregate the same and valuetheir policies in accordance with the provisions of section 40-608. Suchforeign mutual assessment life associations shall file with thecommissioner of insurance, a certificate showing that such association hason deposit with a state official of its home state, approved securities inthe sum of at least two hundred thousand dollars, or shall make suchdeposit with the commissioner of insurance of this state.
History: L. 1927, ch. 231, 40-607; June 1.