41-2928 — SUBSCRIBERS' SHARE IN ASSETS
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TITLE 41
INSURANCE
CHAPTER 29
RECIPROCAL INSURERS
41-2928. SUBSCRIBERS' SHARE IN ASSETS. Upon the liquidation of a domestic
reciprocal insurer, its assets remaining after discharge of its indebtedness
and policy obligations, the return of any contributions of the attorney or
other persons to its surplus made as provided in section 41-2916 of this
chapter, and the return of any unused premium, savings, or credits then
standing on subscribers' accounts, shall be distributed to its subscribers who
were such within the twelve (12) months prior to the last termination of its
certificate of authority, according to such reasonable formula as the director
may approve.