Maine § 24-A §1155 Diversification

Maine Statutes

§ 24-A §1155 — Diversification

Maine § 24-A §1155

Title 24-AMAINE INSURANCE CODE

Ch. 13-AINVESTMENTS OF LIFE INSURERS AND LIFE AND HEALTH INSURERS

This text of Maine § 24-A §1155 (Diversification) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 24-A, § 24-A §1155 (2026).

Text

Investments of an insurer shall be subject to the following diversification requirements and limitations.

1.Real estate; personal property; equity interests; subsidiaries. Not more than 40% of the insurer's assets in aggregate amount may consist of investments described in the following paragraphs:

2.Counter-party limitations. Except as otherwise expressly provided, an insurer may not invest in or may not incur counter-party exposure to any one person if, after giving effect to those investments and that counter-party exposure, the aggregate of those investments in and that counter-party exposure to that person would exceed 10% of the insurer's admitted assets, with the following exceptions:

3.Other investment limitations. Other investment limitations are as provided in particular secti

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Investments of an insurer shall be subject to the following diversification requirements and limitations.
1.
Real estate; personal property; equity interests; subsidiaries.
Not more than 40% of the insurer's assets in aggregate amount may consist of investments described in the following paragraphs:
2.
Counter-party limitations.
Except as otherwise expressly provided, an insurer may not invest in or may not incur counter-party exposure to any one person if, after giving effect to those investments and that counter-party exposure, the aggregate of those investments in and that counter-party exposure to that person would exceed 10% of the insurer's admitted assets, with the following exceptions:
3.
Other investment limitations.
Other investment limitations are as provided in particular sections of this chapter.