SEC. 83-36-17. Members to participate.

[Laws, 1992, ch. 559, Sec. 7, effective from and after July 1, 1992, reenacted this section without change. Since the text of this section as it appears in the parent volume is unaffected by the reenactment, it is not reprinted in this section as directed by the State Attorney General's Office.] All insurers who are members of the association shall participate in its writings, expenses, servicing allowance, management fees, and losses in the proportion that the net direct premiums of each such member, excluding that portion of premiums attributable to the operation of the association, written during the preceding calendar year, bears to the aggregate net direct premiums written in this state by all members of the association. Each insurer's participation in the association shall be determined annually on the basis of such net direct liability insurance premiums written during the preceding calendar year, as reported in the annual statements and other reports filed by the insurer with the commissioner.

SOURCES: Laws, 1976, ch. 471, Sec. 9; 1987, ch. 472, Sec. 7, eff from and after July 1, 1987, and shall stand repealed from and after July 1, 1992. Reenacted without change, Laws, 1992, ch. 559, Sec. 7, eff from and after July 1, 1992.

1997 Amendment

Reenacted.

SOURCE: 1997 Laws, Chapter 406, Sec 9, HB261, Effective July 1, 1997.