Maine Statutes
§ 24-A §2382-A — Payment of dividends
Nothing in this Act prohibits or regulates the payment of dividends, savings or unabsorbed premium deposits allowed or returned by insurers to their policyholders, members or subscribers, but in the payment of such dividends there may be no unfair discrimination between policyholders.
A plan for the payment of dividends, savings or unabsorbed premium deposits allowed or returned by insurers to their policyholders, members or subscribers is not a rating plan or system.
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Legislative History
PL 1991, c. 885, §B12 (NEW). PL 1991, c. 885, §B13 (AFF).
Nearby Sections
15
§ 24 §1
Insurance contract§ 24 §1002
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Assigned risks; reinsurance§ 24 §1008
Calls for payments; proceeds§ 24 §1012
Annual report; examinations§ 24 §1013
Filing fees§ 24 §1051
Automobile physical damage insurance