16 GCA § 23101
Approval or Issue Of Plan for Apportionment of Applicants;
View official PDF ↗Amendments; Hearing; Subscription and Participation; Publication of Notice of Hearing. The Commissioner, after a public hearing, shall approve or issue a reasonable plan for the equitable apportionment, among insurers admitted to COL 03072011 CH. 23 ASSIGNED R ISK PLANS transact liability insurance, of those applicants for automobile bodily injury and property damage liability insurance who are in good faith entitled to but are unable to procure such insurance through ordinary methods. The Commissioner may approve or issue reasonable amendments to such plan if he first holds a public hearing to determine whether the amendments are in keeping with the intent and purpose of this Section. All such insurers shall subscribe to the plan and its amendments and, subject to § 23102, participate therein. Notice of the public hearings required by this Section shall be published, not less than ten
(10)days nor more than thirty
(30)days prior to such hearings, in a newspaper of general circulation in Guam.
§ The story of this section
- Enacted by P.L. 10-7 (bill & sponsor pending — earlier Legislature not yet ingested)
Reconstructed from the Guam Code Annotated. For the authoritative version, see the official PDF.