Maine Revised Statutes Title 24-A Sec. 1260 – Rights of insurer during solvency
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So long as the insurer remains solvent and is in compliance with this Title it may: [PL 1969, c. 132, §1 (NEW).]
1. Demand, receive, sue for and recover the income from the securities deposited;
[PL 1969, c. 132, §1 (NEW).]
Terms Used In Maine Revised Statutes Title 24-A Sec. 1260
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
2. Exchange and substitute for the deposited securities, eligible securities of equivalent or greater fair market value; and
[PL 1969, c. 132, §1 (NEW).]
3. At any reasonable time inspect any such deposit.
[PL 1969, c. 132, §1 (NEW).]
SECTION HISTORY
PL 1969, c. 132, §1 (NEW).