OCR Text |
Show Ruling on Reciprocal Companies. Acting Insurance Commissioner Wlllard Done Issued a ruling Thursday- covering the operation of "reciprocal" or Inter-Insurance Inter-Insurance companies In this state. In answer an-swer to a question with which ho was presented. The ruling Is to the cfTcct Inter-insurance Is not permissible in this state unless the companies wishing to engage In it comply wllh the Ia,w regarding regard-ing regular Insurance companies. No Immunity Im-munity from the requirements of the law not granted to other Insurance companies under the law can be extended to those wishing to do Inter-insurance business. |