TITLE 27
Insurance

CHAPTER 27-33
Federal Riot Reinsurance Reimbursement Fund

SECTION 27-33-8


§ 27-33-8 Insolvency.

In the event any insurer fails, by reason of insolvency, to pay any assessment, the fund shall cause the reimbursement ratios, computed under § 27-33-6, to be immediately recalculated, excluding from them the insolvent insurer, so that its assessment is in effect, assumed and redistributed among the remaining insurers.

History of Section.
(P.L. 1969, ch. 211, § 1.)