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2012 Maine Revised Statutes
TITLE 24-A: MAINE INSURANCE CODE
Chapter 15: ADMINISTRATION OF DEPOSITS
24-A §1260. Rights of insurer during solvency


24-A ME Rev Stat § 1260 (2012 through 125th Legis) What's This?

§1260. Rights of insurer during solvency

So long as the insurer remains solvent and is in compliance with this Title it may: [1969, c. 132, §1 (NEW).]

1. Demand, receive, sue for and recover the income from the securities deposited;

[ 1969, c. 132, §1 (NEW) .]

2. Exchange and substitute for the deposited securities, eligible securities of equivalent or greater fair market value; and

[ 1969, c. 132, §1 (NEW) .]

3. At any reasonable time inspect any such deposit.

[ 1969, c. 132, §1 (NEW) .]

SECTION HISTORY

1969, c. 132, §1 (NEW).

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