40-12a05. Bylaws.

40-12a05

Chapter 40.--INSURANCE Article 12a.--MUTUAL INSURANCE COMPANIES ORGANIZED TO PROVIDE HEALTH CARE PROVIDER LIABILITY INSURANCE

      40-12a05.   Bylaws.The bylaws shall provide for a governing body for thecompany, the manner of election thereof, and the specific kinds ofinsurance or indemnification which will be offered. The bylaws may provide forthe transfer of risksto other insurance companies or for reinsurance.

      History:   L. 1988, ch. 147, § 5;L. 1997, ch. 52, § 3; July 1.