Maine Statutes
§ 24-A §3473 — Conversion of stock insurer to ordinary business corporation
Maine § 24-A §3473
JurisdictionMaine
Title 24-AMAINE INSURANCE CODE
Ch. 47ORGANIZATION, CORPORATE POWERS, PROCEDURES OF DOMESTIC LEGAL RESERVE STOCK AND MUTUAL INSURERS
This text of Maine § 24-A §3473 (Conversion of stock insurer to ordinary business corporation) 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 §3473 (2026).
Text
1.A domestic stock insurer may convert to a Maine ordinary business corporation through the following procedures:
2.An insurer which has once converted to an ordinary business corporation shall not have power thereafter to convert to an insurer; and no ordinary business corporation shall have power to convert to an insurer.
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Legislative History
PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD). PL 2013, c. 299, §§15, 16 (AMD). RR 2023, c. 2, Pt. A, §36 (COR).
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 insuranceCite This Page — Counsel Stack
Bluebook (online)
Maine § 24-A §3473, Counsel Stack Legal Research, https://law.counselstack.com/statute/me/24-A%20%C2%A73473.