§ 91

(Section scheduled to be repealed on January 1, 2027) Sec. 91. Declaration of domestic Lloyds. The attorney-in-fact for underwriters who desire to form a domestic Lloyds under this Article shall sign and acknowledge before an officer authorized to take acknowledgments, a declaration in duplicate. When the attorney-in-fact is a corporation the declaration shall be acknowledged by an officer of such corporation. The declaration shall set forth (a) the name of the attorney-in-fact, and the name or designation under which contracts are to be effected; (b) the location of the office of the attorney-in-fact; (c) the names and addresses, including streets and numbers, if any, of the underwriters; (d) the class or classes of insurance which such Lloyds proposes to transact and the kinds of insurance in each class which it proposes to write; (e) such other provisions not inconsistent with law which may be deemed by the attorney-in-fact or the underwriters to be necessary or advisable.

Legislative History

(Source: P.A. 88-535 .)