Maine Statutes
§ 24-A §1260 — Rights of insurer during solvency
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
§ 24 §1
Insurance contract§ 24 §1002
Formation of corporation; guaranty fund; authority to write business; liability of policyholder§ 24 §1004
Assigned risks; reinsurance§ 24 §1008
Calls for payments; proceeds§ 24 §1012
Annual report; examinations§ 24 §1013
Filing fees§ 24 §1051
Automobile physical damage insurance