§ 24-A §1260 — Rights of insurer during solvency

Maine § 24-A §1260

• Jurisdiction: Maine
• Title 24-A: MAINE INSURANCE CODE
• Ch. 15: ADMINISTRATION OF DEPOSITS

Text

So long as the insurer remains solvent and is in compliance with this Title it may:
1.
Demand, receive, sue for and recover the income from the securities deposited;
2.
Exchange and substitute for the deposited securities, eligible securities of equivalent or greater fair market value; and
3.
At any reasonable time inspect any such deposit.

Legislative History

PL 1969, c. 132, §1 (NEW).