§ 38-73-1220 — Application for license as rating organization.

A corporation, an unincorporated association, a partnership, or an individual, whether located within or outside this State, may make application to the director or his designee for a license as a rating organization for the kinds of insurance or subdivisions thereof or, in the case of insurance to which Article 3 of this chapter is applicable, classes of risk or parts or combinations thereof as are specified in its application and shall file therewith: (1) a copy of its constitution, its articles of agreement or association or certificate of incorporation, and its bylaws, rules, and regulations governing the conduct of its business; (2) a list of its members and subscribers; (3) the name and address of a resident of this State upon whom notices or orders of the director or his designee or process affecting the rating organization may be served; (4) a statement of its qualification as a rating organization.

Legislative History

HISTORY: Former 1976 Code SECTION 38-43-920 [1947 (45) 322; 1952 Code SECTION 37-722; 1962 Code SECTION 37-722] recodified as SECTION 38-73-1220 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 783.