Maine Revised Statutes Title 24-A Sec. 1257 – Assignment, transfer of securities or assets
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Terms Used In Maine Revised Statutes Title 24-A Sec. 1257
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
All assets deposited by an insurer and not negotiable by delivery must be duly assigned or transferred to the superintendent and the superintendent’s successors in office. Upon release of any such security to the insurer, the superintendent shall reassign or transfer the same to the insurer. [RR 2021, c. 1, Pt. B, §196 (COR).]
SECTION HISTORY
PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD). RR 2021, c. 1, Pt. B, §196 (COR).