§33-4-12. Service of process on licensed insurers.
The secretary of state shall be, and is hereby constituted,
the attorney-in-fact of every licensed insurer, domestic, foreign
or alien, transacting insurance in this state, upon whom all legal
process in any action, suit or proceeding against it shall be
served and he or she may accept service of the process. The
process shall be served upon the secretary of state, or accepted by
him or her, in the same manner as provided for service of process
upon unlicensed insurers under subdivisions (2) and (3), subsection
(b), section thirteen of this article. Each licensed insurer shall
pay to the secretary of state an annual fee of twenty-five dollars
for services as authorized agent for service of process, one half
of which shall be deposited in the state fund, general revenue and
one half of the fees in the service fees and collections account
established by section two, article one, chapter fifty-nine of this
code for the operation of the office of the secretary of state.