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the Maine Revised Statutes
2012 Maine Revised Statutes
TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES
Chapter 425: PARTICIPATING LOCAL DISTRICTS
5 §18660. Review of insurance program
Universal Citation:
5 ME Rev Stat § 18660 (2012 through 125th Legis)
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Part 20: STATE RETIREMENT SYSTEM
Subchapter 6: GROUP LIFE INSURANCE
§18660. Review of insurance program
Each year, upon receipt of the annual report submitted by the underwriter, the board shall review all phases of the group life insurance program and shall, within 90 days of receipt of the annual report, determine the reserves necessary to pay anticipated claims and the method of distribution of any accumulations above those reserves. [1985, c. 801, §§ 5, 7 (NEW).]
SECTION HISTORY
1985, c. 801, §§5,7 (NEW).
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