Guam § 18302 - Signature.
Full text of Guam Guam Code Annotated § 18302 — Signature., with citation guidance and answers to common questions.
§ 18302. Signature.
All policies issued on risks in Guam shall be signed and
subscribed as provided in this section:
(a) If the insurer is an admitted domestic insurer, each
policy shall be signed and subscribed by two (2) of the
major officers of the insurer designated in its articles of
incorporation or in its by-laws to do so.
(b) If the insurer is an admitted foreign insurer, it shall
be signed and subscribed by two (2) of the major officers of
the insurer authorized to do so and in all cases it shall be
counter-signed by such insurer's authorized resident general
agent, or shall have attached thereto an appropriate
countersignature endorsement signed by such resident
general agent.
(c) If the insurer is an admitted alien insurer, it shall be
signed by its United States general manager or other person
in charge of its United States business if it has such official,
or if it does not, by two (2) of the major officers of the
insurer authorized to do so, and in all cases it shall be
countersigned by such insurer's authorized resident general
agent, or shall have attached thereto an appropriate
countersignature endorsement signed by such resident
general agent.
(d) Countersignature, by an authorized resident general
agent of the insurer originating a contract of insurance
participated in by other insurers as co-sureties or co-
indemnitors, shall satisfy all countersignature requirements
in respect of such contract of insurance.
COL6/24/2021
(e) The provisions of this section relating to
countersignature by an insurer's authorized general agent
shall not apply to:
(1) any contract of insurance covering the rolling
stock of any railroad, or covering any vessel, aircraft,
or motor carrier used in interstate or foreign commerce,
or covering any liability or other risks incident to the
ownership, maintenance or operation thereof;
(2) any contract of reinsurance between any
insurance companies or other insurers;
(3) any contract of insurance covering any
property in interstate or foreign commerce, or any
liability or risks incident thereto.
Frequently Asked Questions About Guam § 18302
What does Guam Code Annotated § 18302 cover?
Section 18302 ("Signature.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 18302?
A common citation format is "Guam Code Annotated § 18302" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 18302 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.