US Laws, Codes, Statutes & Cases

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 28
                    ORGANIZATION AND CORPORATE PROCEDURES
                         OF STOCK AND MUTUAL INSURERS
    41-2826.  AMENDMENT OF ARTICLES OF INCORPORATION -- STOCK INSURERS. (1) A
domestic stock insurer may amend its articles of incorporation or bylaws for
any lawful purpose through procedures prescribed by the statutes of this state
as to business corporations in general, and by complying with the requirements
of subsection (2) below.
    (2)  No such amendment to an insurer's articles of incorporation shall be
effectuated until a fully executed copy of the certificate of amendments has
been filed with the director, and has been approved by him. The director shall
approve the amendment unless found by him not to be in compliance with law. At
time of filing, the fee therefor shall be paid in the amount prescribed in
section 41-401 (fee schedule).