Maine Revised Statutes Title 24-A Sec. 3861 – Deposit in lieu of bond
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Terms Used In Maine Revised Statutes Title 24-A Sec. 3861
- Attorney: as used in this chapter , refers to the attorney-in-fact of a reciprocal insurer. See Maine Revised Statutes Title 24-A Sec. 3855
In lieu of the bond required under section 3860, the attorney may maintain on deposit with the Treasurer of State through the office of the superintendent, a like amount in cash or in value of securities qualified under this Title as insurers’ investments, and subject to the same conditions as the bond. [PL 1973, c. 585, §12 (AMD).]
SECTION HISTORY
PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD).