Me. Stat. tit. 24-A § 1260

Current through 131st (2023-2024) Legislature Chapter 684

Section 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).]

24-A M.R.S. § 1260

1969, c. 132, § 1 (NEW) .