Home/Maine/Statutes/Title 24-A: MAINE INSURANCE CODE/Ch. 51: DOMESTIC MUTUAL ASSESSMENT INSURERS/§ 24-A §3624
Maine Statutes

§ 24-A §3624 — Unearned premium reserve

Maine·Title 24-A MAINE INSURANCE CODE·Ch. 51 DOMESTIC MUTUAL ASSESSMENT INSURERS
An insurer which collects a cash premium or advance assessment shall maintain an unearned premium reserve equal to 50% of the cash premium or advance assessment on its policies in force.

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Maine § 24-A §3624 (Unearned premium reserve) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

PL 1969, c. 132, §1 (NEW).

Nearby Sections

15
§ 24 §1
Insurance contract
§ 24 §1001
Contract defined; duly organized corporation required
§ 24 §1002
Formation of corporation; guaranty fund; authority to write business; liability of policyholder
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Fraudulent operation; closing of business; receiver; dissolution
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Reserve fund; investment and payment of claims
§ 24 §1006
Duty of commissioner; satisfaction of judgments
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Foreign corporations; authority to do business; renewal and revocation
§ 24 §1008
Calls for payments; proceeds
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Assessment notice must appear on policy face
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Benefit or relief not liable to attachment; change of beneficiary
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False representation by solicitor, agent or physician
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Annual report; examinations
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Filing fees
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Automobile physical damage insurance
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