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§6701 . Purpose; construction.
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(a) The purpose of this article is to provide for the organization and licensing of a nonprofit property/casualty insurance company that insures nonprofit organizations and that will qualify, and continue to qualify, as a "qualified charitable risk pool" as defined in subsection §501(n) of the Internal Revenue Code.
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(b) This article shall be liberally construed to effect the purpose under subsection (this §)(a) which shall constitute an aid and guide to interpretation. Source Data downloaded: 2009-04-09 15: 44: 29; Processed: 2009-05-08 15: 36: 27 |
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