Current with changes from the 2024 Legislative Session
Section 8-412 - Filing requirements(a) The incorporators shall file with the Commissioner: (1) the articles of incorporation of the society;(2) certified copies of the society's laws and rules;(3) copies of all proposed: (i) forms of certificates;(ii) applications for certificates; and(iii) circulars to be issued by the society; and(4) a bond conditioned on the return to applicants of advance premiums if the organization of the society is not completed within 1 year.(b) The Commissioner may require any additional information that the Commissioner considers necessary.(c) The bond required under subsection (a) of this section must: (1) be issued by a surety insurer approved by the Commissioner; and(2) be in the amount required by the Commissioner, but not less than $300,000 nor more than $1,500,000.(d) Each document filed shall be in the English language.