§3851. "Reciprocal" insurance defined
"Reciprocal" insurance is that resulting from an interchange among persons, known as "subscribers," of reciprocal agreements of indemnity, the interchange being effectuated through an "attorney-in-fact" common to all such persons. [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 53: RECIPROCAL INSURERS
24-A §3851. "Reciprocal" insurance defined
24-A §3852. Scope of chapter -- existing insurers
24-A §3853. Insuring powers of reciprocals
24-A §3856. Organization of reciprocal insurer
24-A §3857. Certificate of authority
24-A §3861. Deposit in lieu of bond
24-A §3863. Service of process; judgment
24-A §3864. Contributions to insurer
24-A §3865. Financial conditions; method of determining
24-A §3866. Who may be subscribers
24-A §3867. Subscribers' advisory committee
24-A §3868. Subscribers' liability
24-A §3869. Subscribers' liability on judgment
24-A §3871. Time limit for assessments
24-A §3872. Aggregate liability
24-A §3873. Nonassessable policies
24-A §3874. Subscribers' share in assets