21-3A-12. Rules established by director of Division of Insurance.
85 words·~1 min read·
/sd/title-21/chapter-21-3/21-3a-12A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The director of the Division of Insurance shall establish rules:
(1)For determining which insurers, self - insurers, plans, or arrangements are financially qualified to provide the security required under this Act and to be designated as qualified insurers;
(2)To require insurers to post security under § 21-3A-8 if found by the court to be obligated and capable of posting security; and
(3)For publishing prior to January first of each year the rate of discount per annum set out in § 21-3A-6 .