Maine § 24-A §2417 Underwriters' and combination policies

Maine Statutes

§ 24-A §2417 — Underwriters' and combination policies

Maine § 24-A §2417

Title 24-AMAINE INSURANCE CODE

Ch. 27THE INSURANCE CONTRACT

This text of Maine § 24-A §2417 (Underwriters' and combination policies) 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 §2417 (2026).

Text

1.Two or more authorized insurers may jointly issue, and shall be jointly and severally liable on, an underwriters' policy bearing their names. Any one insurer may issue policies in the name of an underwriter's department and such policy shall plainly show the true name of the insurer.

2.Two or more insurers may, with the approval of the superintendent, issue a combination policy which shall contain provisions substantially as follows:

3.This section shall not apply to cosurety obligations.

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1.
Two or more authorized insurers may jointly issue, and shall be jointly and severally liable on, an underwriters' policy bearing their names. Any one insurer may issue policies in the name of an underwriter's department and such policy shall plainly show the true name of the insurer.
2.
Two or more insurers may, with the approval of the superintendent, issue a combination policy which shall contain provisions substantially as follows:
3.
This section shall not apply to cosurety obligations.