§3861. Deposit in lieu of bond
In lieu of the bond required under section 3860, the attorney may maintain on deposit with the Treasurer of State through the office of the superintendent, a like amount in cash or in value of securities qualified under this Title as insurers' investments, and subject to the same conditions as the bond. [PL 1973, c. 585, §12 (AMD).]
SECTION HISTORY
PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD).
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