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

Maine Statutes

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

Maine·Title 24-A MAINE INSURANCE CODE·Ch. 27 THE INSURANCE CONTRACT

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.

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