24-A M.R.S. § 411
This is the official text of 24-A M.R.S. § 411, part of Maine’s M.R.S — part of the compiled statutory law of Maine, published by the state as "M.R.S." Browse the sections below, each linked to its official government source.
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24-A §411. Insuring combinations without additional capital funds
Official statutory text
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).]
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).]
1. If a life insurer, to grant annuities; [PL 1969, c. 132, §1 (NEW).]
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).]
Status: in_force · Read it on the official government site
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