Contingent Mutual Liability of Subscribers

Act 284 of 1921, § 644, under "INSURANCE COMPANY LAW OF 1921, THE".

Act 284 of 1921, § 644

Section 644. Contingent Mutual Liability of Subscribers.--Every subscriber to such association shall be under a contingent mutual liability for the payment of losses and expenses in excess of the cash funds of the association to an amount at least equal to the premium paid by him during the current year.