§3857. Certificate of authority
1. The certificate of authority of a reciprocal insurer shall be issued to its attorney in the name of the insurer.
[PL 1969, c. 132, §1 (NEW).]
2. The superintendent may refuse to grant a certificate of authority, and may file a complaint with the District Court seeking suspension or revocation of a certificate of authority, for failure of the attorney to comply with any applicable provision of this Title, in addition to other grounds for those sanctions.
[PL 1977, c. 694, §429 (RPR); PL 1999, c. 547, Pt. B, §78 (AMD); PL 1999, c. 547, Pt. B, §80 (AFF).]
SECTION HISTORY
PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD). PL 1977, c. 694, §429 (AMD). PL 1999, c. 547, §B78 (AMD). PL 1999, c. 547, §B80 (AFF).
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