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the Maine Revised Statutes
2012 Maine Revised Statutes
TITLE 24-A: MAINE INSURANCE CODE
Chapter 15: ADMINISTRATION OF DEPOSITS
24-A §1260. Rights of insurer during solvency
Universal Citation:
24-A ME Rev Stat § 1260 (2012 through 125th Legis)
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§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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