Me. Rev. Stat. tit. 24-A, ch. 51 – Domestic Mutual Assessment Insurers | Midpage

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Maine Revised Statutes

Chapter 51

Me. Rev. Stat. tit. 24-A, ch. 51

Domestic Mutual Assessment Insurers

3601Scope of chapter 3602Chapter exclusive 3603Mutual assessment plans; definitions 3604Insuring powers; reinsurance 3605Formation of new assessment plan insurers 3606Certificate of authority required 3607Capital funds required; existing insurers 3608Capital funds required; new mutual assessment insurers 3609New assessment plan insurers; conversion 3610Guaranty capital shares; dividends, investment, deposit, voting rights 3611Guaranty capital shares; increase of paid-in capital 3612Guaranty capital shares; deficiency and assessment 3613Guaranty capital shares; retirement 3614Notice of contingent liability; reduction 3615Delivery, acceptance of policy 3616Assessment; remedy if not paid 3617Assessment -- court review; adjustment of claims where no assessment made 3618-- order of notice to parties interested, and proceedings 3619Proceedings before master or auditor 3620-- when assessment final; costs; control of funds and payment of assessments 3621-- assessment not sufficient; collection stayed by court 3622Nonassessable policies; assessable, nonassessable liability 3623Limit of risk 3624Unearned premium reserve 3625Directors' residence, compensation 3626Annual statement by directors 3627Agents; liability 3628Agents -- licensing 3629Other provisions applicable