Maine Revised Statutes
Chapter 53: RECIPROCAL INSURERS
24-A §3855. Attorney

§3855. Attorney
1.  "Attorney", as used in this chapter, refers to the attorney-in-fact of a reciprocal insurer. The attorney may be an individual, firm or corporation.  
[PL 1969, c. 132, §1 (NEW).]
2.  The attorney of a foreign reciprocal insurer, which insurer is duly authorized to transact insurance in this State, shall not, by virtue of discharge of its duties as such attorney with respect to the insurer's transactions in this State, be thereby deemed to be doing business in this State within the meaning of any laws of this State applying to foreign persons, firms or corporations.  
[PL 1969, c. 132, §1 (NEW).]
3.  The subscribers and the attorney-in-fact comprise a reciprocal insurer and a single entity for the purposes of chapter 7 as to all operations under the insurer's certificate of authority.  
[PL 1969, c. 132, §1 (NEW).]
SECTION HISTORY
PL 1969, c. 132, §1 (NEW).

Structure Maine Revised Statutes