Section 6701. Purpose; construction  


Latest version.
  • (a) The purpose of this article is to
      provide  for   the   organization   and   licensing   of   a   nonprofit
      property/casualty insurance company that insures nonprofit organizations
      and  that  will  qualify,  and  continue  to  qualify,  as  a "qualified
      charitable risk pool" as defined in subsection (n) of section 501 of the
      Internal Revenue Code.
        (b) This article shall be liberally construed to  effect  the  purpose
      under  subsection  (a) of this section which shall constitute an aid and
      guide to interpretation.