Maine Revised Statutes Title 24-A Sec. 1129 – Special investments of title insurers
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1. A title insurer may also have invested funds in an amount not exceeding 50% of its paid-in capital stock and its surplus, in its abstract plant and equipment and in stocks of abstract companies.
[PL 1969, c. 132, §1 (NEW).]
2. Investments authorized under subsection 1 shall not be credited against required reserves.
[PL 1969, c. 132, §1 (NEW).]
SECTION HISTORY
PL 1969, c. 132, §1 (NEW).