Maine § 24-A §3604 Insuring powers; reinsurance

Maine Statutes

§ 24-A §3604 — Insuring powers; reinsurance

Maine·Title 24-A MAINE INSURANCE CODE·Ch. 51 DOMESTIC MUTUAL ASSESSMENT INSURERS

1.An assessment plan insurer shall have authority to transact, and shall transact only such insurance as is permitted by its charter and by its certificate of authority.

2.Any such insurer shall have power to cede reinsurance of any risk or part thereof which it is authorized to insure direct; and shall have power to accept reinsurance from other domestic assessment plan insurers of any risk which it has authority to insure direct.

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1.
An assessment plan insurer shall have authority to transact, and shall transact only such insurance as is permitted by its charter and by its certificate of authority.
2.
Any such insurer shall have power to cede reinsurance of any risk or part thereof which it is authorized to insure direct; and shall have power to accept reinsurance from other domestic assessment plan insurers of any risk which it has authority to insure direct.

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