Maine Revised Statutes
Subchapter 1: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS
24-A §411. Insuring combinations without additional capital funds

§411. Insuring combinations without additional capital funds
Without additional paid-in capital stock or additional surplus, an authorized insurer may also be authorized:   [PL 1969, c. 132, §1 (NEW).]
1.  If a life insurer, to grant annuities;  
[PL 1969, c. 132, §1 (NEW).]
2.  If a health insurer, to insure against congenital defects, as defined in section 707;  
[PL 1969, c. 132, §1 (NEW).]
3.  If a casualty insurer or multiple line insurer, to transact health insurance; except that this provision does not apply to a domestic insurer authorized to transact casualty insurance only, pursuant to section 410, subsection 1, paragraph A; or  
[PL 1991, c. 385, §3 (AMD).]
4.  To transact employee benefit excess insurance to the extent authorized pursuant to section 707, subsection 3.  
[PL 1991, c. 385, §4 (NEW).]
SECTION HISTORY
PL 1969, c. 132, §1 (NEW). PL 1991, c. 385, §§3,4 (AMD).

Structure Maine Revised Statutes