Maine Revised Statutes
TITLE 24-A: MAINE INSURANCE CODE
Chapter 47: ORGANIZATION, CORPORATE POWERS, PROCEDURES OF DOMESTIC LEGAL RESERVE STOCK AND MUTUAL INSURERS

24-A §3310. Amendment of articles of incorporation; change of principal place of business - §3310. Amendment of articles of incorporation; change of principal place...

24-A §3311. Insurance business exclusive; exceptions - §3311. Insurance business exclusive; exceptions 1. No domestic insurer heretofore...

Subchapter 2: PROVISIONS APPLYING ONLY TO MUTUAL INSURERS

24-A §3352. Mutual insurers, initial qualifications - §3352. Mutual insurers, initial qualifications 1. When hereafter newly organized,...

24-A §3353. Qualifying applications for insurance; bond or deposit - §3353. Qualifying applications for insurance; bond or deposit 1. Before...

24-A §3354. Qualifying applications for insurance; solicitation - §3354. Qualifying applications for insurance; solicitation 1. Upon receipt of...

24-A §3355. Deposit of qualifying premiums; effective date of insurance - §3355. Deposit of qualifying premiums; effective date of insurance 1....

24-A §3356. Failure to complete and qualify - §3356. Failure to complete and qualify If the proposed domestic...

24-A §3357. Authority to transact additional kinds of insurance - §3357. Authority to transact additional kinds of insurance After being...

24-A §3358. Guaranty capital shares - §3358. Guaranty capital shares 1. A mutual insurer formed to...

24-A §3359. Bylaws - §3359. Bylaws 1. A domestic mutual insurer shall have bylaws...

24-A §3360. Members are policyholders - §3360. Members are policyholders 1. Each policyholder of a domestic...

24-A §3361. Meetings of members, in general - §3361. Meetings of members, in general 1. Meetings of members...

24-A §3362. Special meetings of members - §3362. Special meetings of members 1. A special meeting of...

24-A §3363. Voting rights of members - §3363. Voting rights of members 1. Each member of a...

24-A §3364. Contingent liability of members - §3364. Contingent liability of members 1. Except as provided otherwise...

24-A §3365. Levy of contingent liability - §3365. Levy of contingent liability 1. If at any time...

24-A §3366. Enforcement of contingent liability - §3366. Enforcement of contingent liability 1. The insurer shall notify...

24-A §3367. Nonassessable policies; limits of assessability; use of funds; combination operation - §3367. Nonassessable policies; limits of assessability; use of funds; combination...

Subchapter 3: PROVISIONS APPLYING TO STOCK AND MUTUAL INSURERS

24-A §3408. Home office, records, assets to be in State; exceptions - §3408. Home office, records, assets to be in State; exceptions...

24-A §3409. Vouchers for expenditures - §3409. Vouchers for expenditures 1. No insurer shall make any...

24-A §3410. Destruction of records - §3410. Destruction of records 1. An insurer may destroy its...

24-A §3411. Directors - §3411. Directors 1. The affairs of every domestic insurer must...

24-A §3412. Officers; notice of change - §3412. Officers; notice of change 1. An insurer's board of...

24-A §3413. Prohibited pecuniary interest of officials and others; use of confidential information prohibited - §3413. Prohibited pecuniary interest of officials and others; use of...

24-A §3414. Management, commission, exclusive agency contracts - §3414. Management, commission, exclusive agency contracts 1. No domestic insurer...

24-A §3415. Borrowed capital funds - §3415. Borrowed capital funds 1. A domestic stock or mutual...

24-A §3416. Dividends to stockholders - §3416. Dividends to stockholders 1. A domestic stock insurer shall...

24-A §3417. Participating policies - §3417. Participating policies 1. If provided for in its articles...

24-A §3418. Dividends to policyholders - §3418. Dividends to policyholders 1. The directors of a domestic...

24-A §3419. Pension and other plans for employees and others - §3419. Pension and other plans for employees and others 1....

24-A §3420. Insurance benefits for employees and others - §3420. Insurance benefits for employees and others Pursuant to vote...

24-A §3421. Solicitation, insuring in other states - §3421. Solicitation, insuring in other states 1. No domestic insurer...

24-A §3422. Purchase of own shares by stock insurer - §3422. Purchase of own shares by stock insurer A domestic...

24-A §3423. Impairment of capital funds - §3423. Impairment of capital funds 1. If a domestic stock...

24-A §3424. Restrictions during impairment; penalty - §3424. Restrictions during impairment; penalty 1. During the existence of...

Subchapter 4: CONVERSION, AMALGAMATION, DISSOLUTION

24-A §3471. Scope of subchapter - §3471. Scope of subchapter This subchapter applies as to domestic...

24-A §3472. Mutualization of stock insurer - §3472. Mutualization of stock insurer 1. A stock insurer other...

24-A §3473. Conversion of stock insurer to ordinary business corporation - §3473. Conversion of stock insurer to ordinary business corporation 1....

24-A §3474. Merger, consolidation of stock insurers - §3474. Merger, consolidation of stock insurers 1. Subject to the...

24-A §3475. Exchange of securities between insurers - §3475. Exchange of securities between insurers 1. Upon application of...

24-A §3476. Acquisition of controlling stock - §3476. Acquisition of controlling stock 1. Any person proposing to...

24-A §3477. Conversion of mutual to stock insurer - §3477. Conversion of mutual to stock insurer 1. A mutual...

24-A §3478. Merger, consolidation of mutual insurers authorized - §3478. Merger, consolidation of mutual insurers authorized 1. Any one...

24-A §3479. -- plan, agreement of merger, consolidation; approval by corporations - §3479. -- plan, agreement of merger, consolidation; approval by corporations...

24-A §3480. -- approval by superintendent - §3480. -- approval by superintendent 1. The plan and agreement...

24-A §3481. -- review by Attorney General; filing with Secretary of State - §3481. -- review by Attorney General; filing with Secretary of...

24-A §3482. -- effective date of merger, consolidation; effect as to assets, liabilities, rights and power - §3482. -- effective date of merger, consolidation; effect as to...

24-A §3483. Bulk reinsurance - §3483. Bulk reinsurance 1. A domestic insurer may reinsure, and...

24-A §3484. Voluntary dissolution - §3484. Voluntary dissolution 1. A solvent domestic stock or mutual...

24-A §3485. Mutual member's share of assets on liquidation - §3485. Mutual member's share of assets on liquidation 1. Upon...

24-A §3486. Plans for acquisition of minority interests in domestic stock insurance companies and appraisal of stock of dissenting shareholders - §3486. Plans for acquisition of minority interests in domestic stock...

24-A §3487. Redomestication of insurers - §3487. Redomestication of insurers 1. Redomestication of foreign insurers to...

24-A §3488. Reorganization of mutual insurer through formation of mutual holding company - §3488. Reorganization of mutual insurer through formation of mutual holding...

24-A §3489. Requirements applicable to a mutual holding company - §3489. Requirements applicable to a mutual holding company 1. Definitions....

24-A §3490. Conversion of mutual holding company - §3490. Conversion of mutual holding company 1. Approval of reorganization...

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Maine Revised Statutes TITLE 24-A: MAINE INSURANCE CODE Chapter 47: ORGANIZATION, CORPORATE POWERS, PROCEDURES OF DOMESTIC LEGAL RESERVE STOCK AND MUTUAL INSURERS

Maine Revised Statutes
TITLE 24-A: MAINE INSURANCE CODE
Chapter 47: ORGANIZATION, CORPORATE POWERS, PROCEDURES OF DOMESTIC LEGAL RESERVE STOCK AND MUTUAL INSURERS