Insurance Law 7506 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 7505 Taxes up ARTICLE 75 Life Insurance Guaranty Fund next SECTION 7507 Authorization for member companies Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 7506 Companies excluded from article Insurance (ISC) CHAPTER 28, ARTICLE 75 § 7506. Companies excluded from article. There is hereby excluded from the provisions of this article any life insurance company organized and operated, without profit to any private shareholder or individual, exclusively to aid and strengthen charitable, religious, missionary, educational or philanthropic institutions by issuing policies or contracts only to or for the benefit of such institutions, to individuals engaged in serving such institutions and to members of their immediate families.