Article 35 MORTGAGE GUARANTY INSURANCE COMPANIES

Article 35 MORTGAGE GUARANTY INSURANCE COMPANIES

40-3501 Title of act.
40-3502 Definitions.
40-3503 Capital and surplus requirements.
40-3504 Requirements prior to issuance of policies.
40-3505 Insuring of certain risks prohibited.
40-3506 Preparation of information and advertisements concerning real estate investments of financial institutions; prohibited conduct.
40-3507 Investments; prohibitions.
40-3509 Certificate of authority; eligibility for; time for compliance.
40-3510 Discrimination in issuing or extending insurance prohibited; requirements on lender by insurance company authorized; examination of borrower and appraisal report required prior to writing insurance.
40-3511 Issuance of insurance to lending institutions; extension of coverage to individual loans; consideration as group policies; owner-occupied, single-family dwelling, borrower not liable to company for deficiency arising from foreclosure sale.
40-3512 Limitation on outstanding liability; temporary waiver.
40-3513 Payments or rebates as inducements or compensation for or in connection with placement of insurance prohibited; penalties for violations.
40-3514 Maintaining funds on deposit with insurance company's own insured prohibited; presumptions; other prohibited practices.
40-3515 Insurance company as member of holding company system; prohibited underwriting activities as condition of certificate of authority; other proscribed activities.
40-3516 Unearned premium reserve requirement.
40-3517 Case basis and other loss reserves requirements.
40-3518 Contingency reserve requirement; withdrawals.
40-3519 Reinsurance; establishment and maintenance of reserves in appropriate proportions by insurance company and reinsurer.
40-3520 Establishment of reserves in accord with law of another state where insurance company licensed.
40-3521 Rules and regulations.

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