Title 33, Chapter 17, Section 7
( 33-17-7)
(a) The certificate of authority to transact business of a
reciprocal insurer shall be issued to its attorney in the name of
the insurer. (b) The Commissioner may refuse, suspend, or revoke the certificate
of authority to transact business, in addition to other grounds for
refusal, suspension, or revocation, for failure of the attorney to
comply with any provision of this title. (c) The certificate shall be renewed annually and shall be issued
and renewed upon payment of the fees required of insurers under this
title. (d) Each holder of a certificate of authority to transact business
of a reciprocal insurer shall pay all fees required by this title
and shall pay all of the taxes required by law to be paid by
companies doing a like business in this state. |