A reciprocal insurer shall: [PL 1969, c. 132, §1 (NEW).]
1. Have and use a business name. The name shall include the word “reciprocal,” or “interinsurer,” or “interinsurance,” or “exchange,” or “underwriters,” or “underwriting” or “association.”

[PL 1969, c. 132, §1 (NEW).]

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2. Sue and be sued in its own name.

[PL 1969, c. 132, §1 (NEW).]

SECTION HISTORY

PL 1969, c. 132, §1 (NEW).