520.8 Reports — limitations on risks.
88 words·~1 min read·
/ia/chapter-520-reciprocal-or-interinsurance-contracts/520-8·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
There shall be filed with the commissioner of insurance by such attorney whenever the commissioner of insurance shall so require, a statement under oath of such attorney showing the maximum amount of indemnity upon a single risk, and, except as to workers’ compensation insurance, no subscriber shall assume on any single risk an amount greater than ten percent of the net worth of such subscriber.
[C24, 27, 31, 35, 39, §9090; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §520.8]
Referred to in §520.14