Insurance contracts procured as surplus line coverages from unauthorized insurers in accordance with this article shall be valid and enforceable as to all parties and shall be recognized in all matters to the same effect and extent as like contracts issued by authorized insurers.
History: (Acts 1963, No. 521, p. 1112, §10; Acts 1971, No. 407, p. 707, §198; Act 2024-71, §2.)