Maine Statutes
§ 24-A §1115 — Stocks of subsidiaries
1.An insurer may invest in the stock of its subsidiary insurance corporation formed or acquired by it; or in the stock of its subsidiary business corporation or corporations formed and engaged solely in any one or more of the following businesses:
2.For the purposes of this section a "subsidiary" is a corporation of which the insurer owns sufficient stock to give it effective control.
3.
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Legislative History
PL 1969, c. 132, §1 (NEW). PL 1983, c. 759, §2 (AMD). PL 1987, c. 399, §7 (AMD). PL 1999, c. 715, §§6,7 (AMD).
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Annual report; examinations§ 24 §1013
Filing fees§ 24 §1051
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