Guam § 26102 - Registration.
Full text of Guam Guam Code Annotated § 26102 — Registration., with citation guidance and answers to common questions.
§ 26102. Registration.
All plans for the provision of prepaid legal services shall be licensed to
do business in the territory and shall be regulated by the Director of
Revenue and Taxation in the same manner as Health Maintenance
Organizations and shall maintain reserves in accordance with generally
accepted actuarial practices as shall be mandated by rules and regulations
promulgated by the Director of Revenue and Taxation, and shall pay
participating attorneys according to agreement submitted to the Director of
Revenue and Taxation. Each prepared legal service shall provide services to
consumers in accordance with rules and regulations promulgated by the
Director of Revenue and Taxation and in accordance with the master
agreement with consumers which must be filed annually by each prepared
legal service with the Director of Revenue and Taxation. The Director of
Revenue and Taxation may enforce this Section and rules and regulations
promulgated under authority of this Section in the same manner as laws,
rules, and regulations pertaining to insurance are enforced, and may revoke
the license of any prepaid legal service for substantial violations. all
incorporators, directors and officers of any prepaid legal service shall have a
fiduciary relationship with the participating consumers and attorneys as to
funds paid in and expended. Attorneys participating in prepaid legal
services must be bona fide licensed Guam attorneys.
Frequently Asked Questions About Guam § 26102
What does Guam Code Annotated § 26102 cover?
Section 26102 ("Registration.") 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 § 26102?
A common citation format is "Guam Code Annotated § 26102" (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 § 26102 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.