39-71-325. Claim summary and actuarial documentation for impaired insurer.
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39-71-325 . Claim summary and actuarial documentation for impaired insurer.
(1)An insurer becomes impaired if the insurer:
(a)becomes insolvent;
(b)is placed in receivership or administration;
(c)declares bankruptcy; or
(d)seeks protection from its creditors.
(2)An impaired insurer shall, within 30 days of the insurer becoming impaired, furnish the department with a claim summary and actuary information relevant to each claim for which the insurer may have future liability.