Maine § 24-A §224 Appraisal of asset

Maine Statutes

§ 24-A §224 — Appraisal of asset

Maine § 24-A §224

Title 24-AMAINE INSURANCE CODE

Ch. 3THE INSURANCE SUPERINTENDENT

This text of Maine § 24-A §224 (Appraisal of asset) 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 §224 (2026).

Text

1.If the superintendent considers it necessary to value any asset involved in such an examination, the superintendent may appoint one or more competent disinterested persons as appraisers with authority to appraise the real property of an insurer or any real property on which it holds security.

2.Any such appraisal shall be expeditiously made, and a copy thereof furnished to the superintendent and to the person being examined.

3.The reasonable expense of the appraisal shall be borne by the person being examined.

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1.
If the superintendent considers it necessary to value any asset involved in such an examination, the superintendent may appoint one or more competent disinterested persons as appraisers with authority to appraise the real property of an insurer or any real property on which it holds security.
2.
Any such appraisal shall be expeditiously made, and a copy thereof furnished to the superintendent and to the person being examined.
3.
The reasonable expense of the appraisal shall be borne by the person being examined.