§1260. Rights of insurer during solvency
So long as the insurer remains solvent and is in compliance with this Title it may: [PL 1969, c. 132, §1 (NEW).]
1. Demand, receive, sue for and recover the income from the securities deposited;
[PL 1969, c. 132, §1 (NEW).]
2. Exchange and substitute for the deposited securities, eligible securities of equivalent or greater fair market value; and
[PL 1969, c. 132, §1 (NEW).]
3. At any reasonable time inspect any such deposit.
[PL 1969, c. 132, §1 (NEW).]
SECTION HISTORY
PL 1969, c. 132, §1 (NEW).
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