Maine § 24-A §3622 Nonassessable policies; assessable, nonassessable liability

Maine Statutes

§ 24-A §3622 — Nonassessable policies; assessable, nonassessable liability

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

1.A mutual insurer heretofore formed and transacting insurance under this chapter may issue nonassessable advance cash premium policies in this State upon compliance with either of the following requirements:

2.If such an insurer, after qualifying to issue a nonassessable cash premium policy, fails to maintain one of the above requirements it shall cease to issue a nonassessable policy until it has again met and maintained the requirements for a period of one year.

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1.
A mutual insurer heretofore formed and transacting insurance under this chapter may issue nonassessable advance cash premium policies in this State upon compliance with either of the following requirements:
2.
If such an insurer, after qualifying to issue a nonassessable cash premium policy, fails to maintain one of the above requirements it shall cease to issue a nonassessable policy until it has again met and maintained the requirements for a period of one year.

Maine § 24-A §3622 (Nonassessable policies; assessable, nonassessable liability) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.