§1117. Equipment trust certificates
An insurer may invest in equipment trust obligations or certificates which are adequately secured, or in other adequately secured instruments evidencing an interest in transportation equipment wholly or in part within the United States of America and a right to receive determined portions of rental, purchase or other fixed obligatory payments for the use or purchase of such transportation equipment. [PL 1969, c. 132, §1 (NEW).]
SECTION HISTORY
PL 1969, c. 132, §1 (NEW).
Structure Maine Revised Statutes
TITLE 24-A: MAINE INSURANCE CODE
24-A §1102. Eligible investments
24-A §1103. General qualifications
24-A §1104. Authorization, record of investments
24-A §1105. Diversification -- Life, life/health insurers (REPEALED)
24-A §1106. Diversification; property, casualty and other nonlife insurers
24-A §1107. Public obligations
24-A §1108. Obligations, stock of certain federal and international agencies
24-A §1109. Investment grade obligations
24-A §1109-A. High-yield corporate obligations (REPEALED)
24-A §1110. -- certain terms defined; net earnings
24-A §1111. -- application of earnings test
24-A §1112. Preferred or guaranteed stocks
24-A §1115. Stocks of subsidiaries
24-A §1116. Trustees' or receivers' obligations
24-A §1117. Equipment trust certificates
24-A §1118. Acceptances, bills of exchange
24-A §1119. Savings and loan institutions
24-A §1120. Common trust funds, mutual funds
24-A §1121. Hydrocarbon production payments
24-A §1122. Policy loans (REPEALED)
24-A §1126. Housing developments
24-A §1127. Leased property and noncorporate obligations
24-A §1128. Special investments; separate accounts (REPEALED)
24-A §1129. Special investments of title insurers
24-A §1130. Investments in foreign countries
24-A §1131. Miscellaneous investments
24-A §1132. Conversion and incidental rights
24-A §1133. Time limit for disposal of real estate
24-A §1134. Time limit for disposal of other ineligible property and securities
24-A §1135. Failure to dispose of real estate or securities; effect, penalty
24-A §1136. Prohibited investments and investment underwriting