§ 69

(Section scheduled to be repealed on January 1, 2027) Sec. 69. Documents to be delivered to Director. Upon the execution of a declaration of organization, there shall be delivered to the Director (a) duplicate originals of the declaration of organization; (b) a copy of the power of attorney of the attorney-in-fact under or by virtue of which such insurance is to be effected or exchanged; (c) an instrument authorizing service of process on the Director provided for in Section 77; (d) 2 organization bonds, or the cash or securities, provided for in Section 70; (e) the form of guaranty fund agreements and of guaranty capital shares, if any, as provided in Section 76 to be issued in connection with solicitation of surplus; and (f) the form of escrow agreement for the deposit of cash or securities.

Legislative History

(Source: P.A. 84-502 .)