Insurance Law 7109 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 7108 Filing of agreement of merger or consolidation up ARTICLE 71 Merger, Consolidation, Redomestication, Acquisition of Assets and Acquisition of Certain Shares of Insurers next SECTION 7110 Fees; certification; prohibitions; penalty Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 7109 Limitation on enlargement of powers Insurance (ISC) CHAPTER 28, ARTICLE 71 § 7109. Limitation on enlargement of powers. This article shall not enlarge the charter powers of any company except in conformity with the provisions of the proposed charter of the surviving or consolidated company as provided in section seven thousand one hundred three of this article, nor authorize any company to do any kind of insurance business not authorized by its charter, nor authorize any foreign or alien company to do any kind of insurance business in this state not authorized by its license or certificate of authority to do business in this state.