Me. Rev. Stat. tit. 24-A, § 3625 (2025)
1. A majority of the board of directors of the insurer shall be residents of, and actually reside in, this State.
[PL 1969, c. 132, §1 (NEW).]
2. The salary or compensation for services of the directors of the insurer shall be fixed by the policyholders at their annual meeting.
[PL 1969, c. 132, §1 (NEW).]
PL 1969, c. 132, §1 (NEW).