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56-22-118 - County mutual insurance companies subject to same proceedings and actions as insurance companies.

56-22-118. County mutual insurance companies subject to same proceedings and actions as insurance companies.

The commissioner may subject a county mutual insurance company to any proceeding or action authorized pursuant to chapter 9 of this title, under the same terms as insurance companies. For all such purposes, county mutual insurance companies are deemed to meet the definition of insurance company set forth in chapter 9 of this title.

[Acts 2006, ch. 689, §§ 3, 21.]  

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