Maine Statutes
§ 24-A §3856 — Organization of reciprocal insurer
1.Twenty-five or more persons domiciled in this State may organize a domestic reciprocal insurer and make application to the superintendent for a certificate of authority to transact insurance.
2.The proposed attorney shall fulfill the requirements of and shall execute and file with the superintendent when applying for a certificate of authority, a declaration setting forth:
The declaration shall be acknowledged by the attorney in the manner required for the acknowledgment of deeds.
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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
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