All policies insuring the legal liability of the insured, issued in this state by any company, association or reciprocal exchange shall, notwithstanding any other provision of the statutes, contain a provision providing that, in event an execution on a judgment against the insured be returned unsatisfied in an action by a person who is injured or whose property is damaged, the judgment creditor shall have a right of action against the insurer to the same extent that such insured could have enforced the insured's claim against such insurer had such insured paid such judgment.
[C35, § 9024-g1; C39, § 9024.1; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 516.1]
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Last update: Thu Mar 18 15:00:31 CST 1999
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