Maine Statutes
§ 24-A §401 — "Mutual" insurer defined
Maine § 24-A §401
JurisdictionMaine
Title 24-AMAINE INSURANCE CODE
Ch. 5AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS
This text of Maine § 24-A §401 ("Mutual" insurer defined) 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 §401 (2026).
Text
A "mutual" insurer is an incorporated insurer without permanent capital stock, and the governing body of which is elected by its policyholders or those policyholders specified in its charter, or by any reasonable combination of its policyholders, guaranty fund stockholders, or guaranty fund certificate holders, or by other reasonable method.
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Legislative History
PL 1969, c. 132, §1 (NEW).
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 §401, Counsel Stack Legal Research, https://law.counselstack.com/statute/me/24-A%20%C2%A7401.