(1) Any number of corporations or adult natural persons may organize a legal expense insurance corporation under the law of this state relating to corporations generally.(2) The articles of incorporation shall conform to the requirements applicable to corporations, and, in addition:(a) The name of the corporation shall indicate that legal services or indemnity for legal expenses is to be provided; and(b) The purposes of the corporation shall be limited to providing legal services or indemnity for legal expenses and business reasonably related thereto.
(1) Any number of corporations or adult natural persons may organize a legal expense insurance corporation under the law of this state relating to corporations generally.
(2) The articles of incorporation shall conform to the requirements applicable to corporations, and, in addition:(a) The name of the corporation shall indicate that legal services or indemnity for legal expenses is to be provided; and(b) The purposes of the corporation shall be limited to providing legal services or indemnity for legal expenses and business reasonably related thereto.