Rights of insurer during solvency

24-A M.R.S. § 1260, under Chapter 15.

24-A M.R.S. § 1260

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;

2. Exchange and substitute for the deposited securities, eligible securities of equivalent or greater fair market value; and

3. At any reasonable time inspect any such deposit.