US Laws, Codes, Statutes & Cases

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 28
                    ORGANIZATION AND CORPORATE PROCEDURES
                         OF STOCK AND MUTUAL INSURERS
    41-2824.  FORMATION OF MUTUALS -- FAILURE TO QUALIFY. If the proposed
domestic mutual insurer fails to complete its organization and to secure its
original certificate of authority within one (1) year from and after date of
its certificate of incorporation, the corporation shall transact no further
business, and the director shall return or cause to be returned to the persons
entitled thereto all advance deposits or payments of premiums held in trust
under section 41-2823.