Maine Revised Statutes
Chapter 51: DOMESTIC MUTUAL ASSESSMENT INSURERS
24-A §3606. Certificate of authority required

§3606. Certificate of authority required
No such insurer shall transact insurance in this State except as authorized by a subsisting certificate of authority issued to the insurer by the superintendent.   [PL 1973, c. 585, §12 (AMD).]
SECTION HISTORY
PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD).

Structure Maine Revised Statutes

Maine Revised Statutes

TITLE 24-A: MAINE INSURANCE CODE

Chapter 51: DOMESTIC MUTUAL ASSESSMENT INSURERS

24-A §3601. Scope of chapter

24-A §3602. Chapter exclusive

24-A §3603. Mutual assessment plans; definitions

24-A §3604. Insuring powers; reinsurance

24-A §3605. Formation of new assessment plan insurers

24-A §3606. Certificate of authority required

24-A §3607. Capital funds required; existing insurers

24-A §3608. Capital funds required; new mutual assessment insurers

24-A §3609. New assessment plan insurers; conversion

24-A §3610. Guaranty capital shares; dividends, investment, deposit, voting rights

24-A §3611. Guaranty capital shares; increase of paid-in capital

24-A §3612. Guaranty capital shares; deficiency and assessment

24-A §3613. Guaranty capital shares; retirement

24-A §3614. Notice of contingent liability; reduction

24-A §3615. Delivery, acceptance of policy

24-A §3616. Assessment; remedy if not paid

24-A §3617. Assessment -- court review; adjustment of claims where no assessment made

24-A §3618. -- order of notice to parties interested, and proceedings

24-A §3619. Proceedings before master or auditor

24-A §3620. -- when assessment final; costs; control of funds and payment of assessments

24-A §3621. -- assessment not sufficient; collection stayed by court

24-A §3622. Nonassessable policies; assessable, nonassessable liability

24-A §3623. Limit of risk

24-A §3624. Unearned premium reserve

24-A §3625. Directors' residence, compensation

24-A §3626. Annual statement by directors

24-A §3627. Agents; liability

24-A §3628. Agents -- licensing

24-A §3629. Other provisions applicable