The insurance coverage company has an insurable interest within the insurance coverage fund and in the safety of the insurance fund against loss. Any deductible amount paid by the insurance corporation on behalf of the licensee in respect of insurance arranged underneath part or an indemnity plan established underneath section 102 . For the needs of this Divisionhttps://soccerguruth.com the insurance coverage corporation is entitled to have access to licensing records saved by the Authority beneath this Act. An act of the insurance coverage corporation or board of administrators of the insurance corporation just isn’t invalid due to a defect that’s afterwards discovered within the appointment of one or more administrators. The board of directors of the insurance coverage company is liable for administering the insurance corporation.
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