§1254. Depositary; records
1. Deposits made in this State under this Title shall be made through the superintendent with the Treasurer of State.
[PL 1973, c. 585, §12 (AMD).]
2. The Treasurer of State shall furnish the superintendent, for delivery to the depositing insurer, the Treasurer of State's official certificate identifying the securities deposited, the amount and par value of each, and the Treasurer of State's opinion of their value.
[RR 2021, c. 1, Pt. B, §193 (COR).]
3. The superintendent shall keep a record of the securities comprising the deposit of each insurer, showing as far as practical the amount and market value of each item, and all the superintendent's transactions relative thereto.
[RR 2021, c. 1, Pt. B, §194 (COR).]
SECTION HISTORY
PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD). RR 2021, c. 1, Pt. B, §§193, 194 (COR).
Structure Maine Revised Statutes
TITLE 24-A: MAINE INSURANCE CODE
Chapter 15: ADMINISTRATION OF DEPOSITS
24-A §1251. Authorized deposits of insurers
24-A §1252. Purpose of deposit
24-A §1253. Securities eligible for deposit
24-A §1254. Depositary; records
24-A §1255. Responsibility for safekeeping
24-A §1256. Custodial arrangements
24-A §1257. Assignment, transfer of securities or assets
24-A §1260. Rights of insurer during solvency