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ABII » Topics » Section 7.5 Authority to Insure.

This excerpt taken from the ABII 10-Q filed Dec 20, 2007.

Section 7.5 Authority to Insure.

The corporation may purchase and maintain insurance to protect itself and any Agent against any Expense, whether or not the corporation would have the power to indemnify the Agent against such Expense under applicable law or the provisions of this Article.

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