2009 Maine Code
TITLE 24-A: MAINE INSURANCE CODE
Chapter 5: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS
24-A §411. Insuring combinations without additional capital funds
Title 24-A: MAINE INSURANCE CODE
Chapter 5: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS
Subchapter 1: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS
§411. Insuring combinations without additional capital funds
Without additional paid-in capital stock or additional surplus, an authorized insurer may also be authorized: [1969, c. 132, §1 (NEW).]
1. If a life insurer, to grant annuities;
[ 1969, c. 132, §1 (NEW) .]
2. If a health insurer, to insure against congenital defects, as defined in section 707;
[ 1969, c. 132, §1 (NEW) .]
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
[ 1991, c. 385, §3 (AMD) .]
4. To transact employee benefit excess insurance to the extent authorized pursuant to section 707, subsection 3.
[ 1991, c. 385, §4 (NEW) .]
SECTION HISTORY
1969, c. 132, §1 (NEW). 1991, c. 385, §§3,4 (AMD).
Disclaimer: These codes may not be the most recent version. Maine may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
