Sec. 4. Every insurance company to which this article is applicable: (1) shall conduct and transact its business in a safe and prudent manner; (2) shall maintain such company in a safe and solvent condition; and (3) shall establish and maintain safe and sound methods for the conduct of such insurance company and its business and prudential affairs. Formerly: Acts 1935, c.162, s.11. As amended by P.L.252-1985, SEC.6.
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