4021

4021

Every subscriber of a domestic reciprocal insurer having contingent liability shall be liable for and shall pay the subscriber's share of any assessment, as computed and limited in accordance with this chapter if:

(a) While the subscriber's policy is in force or within three years after its termination, the subscriber is notified by either the attorney or the Commissioner of his/her intention to levy such assessment; or

(b) An Order to Show Cause why a receiver, conservator, rehabilitator, or liquidator of the insurer should not be appointed is issued while the subscriber's policy is in force or within three years after its termination.

Source: Notice of Emergency and Proposed Rulemaking published at 54 DCR 12099 (December 14, 2007)[EXPIRED]; as amended by Notice of Final Rulemaking published at 55 DCR 479, 487 (January 18, 2008).