518B.2 Reimbursement fund created.
94 words·~1 min read·
/ia/chapter-518b-riot-reinsurance-program/518b-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
There is hereby created the federal riot reinsurance reimbursement fund in the office of the treasurer of state which shall be operated under the joint control of the director of the department of administrative services and the commissioner. The fund shall consist of all payments made by insurers in accordance with the provisions of this chapter. The director of the department of administrative services shall have the same power to enforce the collection of the assessments provided under this chapter as any other obligation due the state.
[C71, 73, 75, 77, 79, 81, §518B.2]