642.019 Organization of legal expense insurance corporations.
86 words·~1 min read·
/fl/title-xxxvii/chapter-642/642-019·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)Any number of corporations or adult natural persons may organize a legal expense insurance corporation under the law of this state relating to corporations generally.
(2)The articles of incorporation shall conform to the requirements applicable to corporations, and, in addition:
(a)The name of the corporation shall indicate that legal services or indemnity for legal expenses is to be provided; and
(b)The purposes of the corporation shall be limited to providing legal services or indemnity for legal expenses and business reasonably related thereto.