Maine Revised Statutes Title 24-A Sec. 411 – Insuring combinations without additional capital funds
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Without additional paid-in capital stock or additional surplus, an authorized insurer may also be authorized: [PL 1969, c. 132, §1 (NEW).]
1. If a life insurer, to grant annuities;
[PL 1969, c. 132, §1 (NEW).]
Terms Used In Maine Revised Statutes Title 24-A Sec. 411
- health insurance: means insurance of human beings against bodily injury, disablement or death by accident or accidental means, or the expense thereof, or against disablement or expense resulting from sickness, and every insurance appertaining thereto, including provision for the mental and emotional welfare of human beings by defraying the costs of legal services only to the extent provided for in chapter 38. See Maine Revised Statutes Title 24-A Sec. 704
2. If a health insurer, to insure against congenital defects, as defined in section 707;
[PL 1969, c. 132, §1 (NEW).]
3. If a casualty insurer or multiple line insurer, to transact health insurance; except that this provision does not apply to a domestic insurer authorized to transact casualty insurance only, pursuant to section 410, subsection 1, paragraph A; or
[PL 1991, c. 385, §3 (AMD).]
4. To transact employee benefit excess insurance to the extent authorized pursuant to section 707, subsection 3.
[PL 1991, c. 385, §4 (NEW).]
SECTION HISTORY
PL 1969, c. 132, §1 (NEW). PL 1991, c. 385, §§3,4 (AMD).