Maine Statutes
§ 24-A §3611 — Guaranty capital shares; increase of paid-in capital
Maine § 24-A §3611
This text of Maine § 24-A §3611 (Guaranty capital shares; increase of paid-in capital) 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 §3611 (2026).
Text
If an insurer heretofore or hereafter has been authorized to transact insurance upon the basis of guaranty capital shares not 100% paid-in, the unpaid portion of such guaranty or so much thereof as the superintendent deems necessary, shall be paid in at such times as in the opinion of the superintendent is necessary for the adequate protection of the policyholders.
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Legislative History
PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD).
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 §3611, Counsel Stack Legal Research, https://law.counselstack.com/statute/me/24-A%20%C2%A73611.