This chapter shall apply only to domestic stock insurers and domestic mutual insurers transacting or proposing to transact insurance on the cash premium or legal reserve plan, except that §§ 58-5-27, 58-5-28, 58-5-37, and 58-5-38 shall also apply to foreign and alien insurers.

Ask an insurance law question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Source: SL 1966, ch 111, ch 16, § 1.