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2017 Maine Revised Statutes
TITLE 24-A: MAINE INSURANCE CODE
Chapter 13: INVESTMENTS
24-A §1129. Special investments of title insurers
Universal Citation: 24-A ME Rev Stat § 1129 (2017)
§1129. Special investments of title insurers
1. A title insurer may also have invested funds in an amount not exceeding 50% of its paid-in capital stock and its surplus, in its abstract plant and equipment and in stocks of abstract companies.
[ 1969, c. 132, §1 (NEW) .]
2. Investments authorized under subsection 1 shall not be credited against required reserves.
[ 1969, c. 132, §1 (NEW) .]
SECTION HISTORY
1969, c. 132, §1 (NEW).
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