Maine § 24-A §411 Insuring combinations without additional capital funds

Maine Statutes

§ 24-A §411 — Insuring combinations without additional capital funds

Maine § 24-A §411

Title 24-AMAINE INSURANCE CODE

Ch. 5AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS

This text of Maine § 24-A §411 (Insuring combinations without additional capital funds) 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 §411 (2026).

Text

Without additional paid-in capital stock or additional surplus, an authorized insurer may also be authorized:

1.If a life insurer, to grant annuities;

2.If a health insurer, to insure against congenital defects, as defined in section 707;

3.If a casualty insurer or multiple line insurer, to transact health insurance; except that this provision does not apply to a domestic insurer authorized to transact casualty insurance only, pursuant to section 410, subsection 1, paragraph A; or

4.To transact employee benefit excess insurance to the extent authorized pursuant to section 707, subsection 3.

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Without additional paid-in capital stock or additional surplus, an authorized insurer may also be authorized:
1.
If a life insurer, to grant annuities;
2.
If a health insurer, to insure against congenital defects, as defined in section 707;
3.
If a casualty insurer or multiple line insurer, to transact health insurance; except that this provision does not apply to a domestic insurer authorized to transact casualty insurance only, pursuant to section 410, subsection 1, paragraph A; or
4.
To transact employee benefit excess insurance to the extent authorized pursuant to section 707, subsection 3.