Maine Revised Statutes Title 24-A Sec. 224 – Appraisal of asset
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1. If the superintendent considers it necessary to value any asset involved in such an examination, the superintendent may appoint one or more competent disinterested persons as appraisers with authority to appraise the real property of an insurer or any real property on which it holds security.
[PL 1991, c. 828, §9 (AMD).]
Terms Used In Maine Revised Statutes Title 24-A Sec. 224
- Appraisal: A determination of property value.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
2. Any such appraisal shall be expeditiously made, and a copy thereof furnished to the superintendent and to the person being examined.
[PL 1973, c. 585, §12 (AMD).]
3. The reasonable expense of the appraisal shall be borne by the person being examined.
[PL 1969, c. 132, §1 (NEW).]
SECTION HISTORY
PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD). PL 1991, c. 828, §9 (AMD).