§ 59A-1-13 — "Transacting insurance"

In addition to other aspects of insurance operations to which the Insurance Code by its terms applies, "transacting insurance" with respect to an insurance contract or a business of insurance includes any of the following, by mail or otherwise or whether or not for profit: A. solicitation or inducement; B. negotiation; C. effectuation of an insurance contract; D. transaction of matters subsequent to effectuation and arising out of such a contract; E. maintenance in this state of an office or personnel performing any function in furtherance of an insurer's business of insurance; or F. maintenance by an insurer of assets in trust in this state for the benefit, security or protection of its policyholders or its policyholders and creditors.

Legislative History

Laws 1984, ch. 127, § 13; 1991, ch. 125, § 1.