§ 27-2-15 - Provisions against actions in state courts.
SECTION 27-2-15
§ 27-2-15 Provisions against actions instate courts. – If any foreign insurance company, of any name, kind, or description, authorizedto do business in this state shall provide in its charter or bylaws, or in thepolicies or contracts of insurance issued by it, that no action shall bebrought against the company in any court of competent jurisdiction within thisstate, the insurance commissioner shall revoke all licenses and certificates ofauthority granted to it or to its insurance producers to do business in thisstate.