§1257. Assignment, transfer of securities or assets
All assets deposited by an insurer and not negotiable by delivery must be duly assigned or transferred to the superintendent and the superintendent's successors in office. Upon release of any such security to the insurer, the superintendent shall reassign or transfer the same to the insurer. [RR 2021, c. 1, Pt. B, §196 (COR).]
SECTION HISTORY
PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD). RR 2021, c. 1, Pt. B, §196 (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