A mutual association is subject to any examination by the director or his designee which will enable him to determine that it has complied with the state insurance laws.

HISTORY: Former 1976 Code SECTION 38-35-50 [1962 Code SECTION 37-444; 1968 (55) 2569] recodified as SECTION 38-71-20 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-23-50 [1947 (45) 322; 1952 Code SECTION 37-1005; 1962 Code SECTION 37-1005] recodified as SECTION 38-35-50 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 636.