US Laws, Codes, Statutes & Cases

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 18
                            THE INSURANCE CONTRACT
    41-1820.  UNDERWRITERS' AND COMBINATION POLICIES. (1) Two (2) or more
authorized insurers may jointly issue, and shall be jointly and severally
liable on, an underwriters' policy bearing their names. Any one (1) insurer
may issue policies in the name of an underwriter's department and such policy
shall plainly show the true name of the insurer.
    (2)  Two (2) or more insurers may, with the approval of the director,
issue a combination policy which shall contain provisions substantially as
follows:
    (a)  That the insurers executing the policy shall be severally liable for
    the full amount of any loss or damage, according to the terms of the
    policy, or for specified percentages or amounts thereof, aggregating the
    full amount of insurance under the policy, and
    (b)  That service of process, or of any notice or proof of loss required
    by such policy, upon any of the insurers executing the policy, shall
    constitute service upon all such insurers.
    (3)  This section shall not apply to cosurety obligations.