Maine Statutes
§ 24-A §3853 — Insuring powers of reciprocals
1.A reciprocal insurer may, upon qualifying therefore as provided for by this Title, transact any kind or kinds of insurance defined by this Title, other than life or title insurances.
2.Such an insurer may purchase reinsurance upon the risk of any subscriber, and may grant reinsurance as to any kind of insurance it is authorized to transact direct.
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Legislative History
PL 1969, c. 132, §1 (NEW).
Nearby Sections
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Annual report; examinations§ 24 §1013
Filing fees§ 24 §1051
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