§4135. Examination of domestic societies
The superintendent, or any person the superintendent may appoint, has the power of visitation and examination into the affairs of any domestic society and the superintendent shall make such examination at least once in every 3 years. The superintendent may employ assistants for the purpose of such examination, and the superintendent, or any person the superintendent may appoint, has free access to all books, papers and documents that relate to the business of the society. The minutes of the proceedings of the supreme legislative or governing body and of the board of directors or corresponding body of a society must be in the English language. In making any such examination the superintendent may summon and qualify as witnesses under oath and examine its officers, agents and employees or other persons in relation to the affairs, transactions and condition of the society. A summary of the report of the superintendent and such recommendations or statements of the superintendent as may accompany such report must be read at the first meeting of the board of directors or corresponding body of the society following the receipt thereof, and if directed so to do by the superintendent, must also be read at the first meeting of the supreme legislative or governing body of the society following the receipt thereof. A copy of the report, recommendations and statements of the superintendent must be furnished by the society to each member of such board of directors or other governing body. The expense of each examination and of each valuation, including compensation and actual expense of examiners, must be paid by the society examined or whose certificates are valued, upon statements furnished by the superintendent. [RR 2021, c. 1, Pt. B, §337 (COR).]
SECTION HISTORY
PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD). RR 2021, c. 1, Pt. B, §337 (COR).
Structure Maine Revised Statutes
TITLE 24-A: MAINE INSURANCE CODE
Chapter 55: FRATERNAL BENEFIT SOCIETIES
24-A §4101. Fraternal benefit societies defined
24-A §4102. Lodge system defined
24-A §4103. Representative form of government defined
24-A §4105. Corporate powers retained
24-A §4106. Voluntary associations
24-A §4107. Location of office -- place of meeting
24-A §4108. Consolidations and mergers
24-A §4109. Conversion of fraternal benefit society into mutual life insurance company
24-A §4110. Qualifications for membership
24-A §4111. Articles of incorporation, constitution and laws -- amendments
24-A §4113. No personal liability
24-A §4115. Benefits on lives of children
24-A §4116. Nonforfeiture benefits, cash surrender values, certificate loans and other options
24-A §4118. Benefits not attachable
24-A §4120. Life benefit certificate provisions, standard and prohibited
24-A §4121. Accident and health insurance and total and permanent disability insurance certificates
24-A §4121-A. Acquired Immune Deficiency Syndrome
24-A §4125. Foreign or alien society -- admission
24-A §4126. Injunction -- liquidation -- receivership of domestic society
24-A §4127-A. Suspension, revocation or refusal of license of foreign or alien society
24-A §4128. Licensing of agents
24-A §4129. Service of process
24-A §4134. Reports and valuations
24-A §4135. Examination of domestic societies
24-A §4136. Examination of foreign and alien societies
24-A §4137. No adverse publications
24-A §4138. Misrepresentation (REPEALED)
24-A §4138-A. Enforcement; unfair methods of competition and unfair and deceptive acts and practices
24-A §4139. Discrimination and rebates (REPEALED)
24-A §4139-A. Funeral service contracts