Maine Statutes

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

Maine·Title 24-A MAINE INSURANCE CODE·Ch. 15 ADMINISTRATION OF DEPOSITS

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.

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Maine § 24-A §1260 (Rights of insurer during solvency) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

PL 1969, c. 132, §1 (NEW).

Nearby Sections

15
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