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Maine · Through October 1, 2025

24-A M.R.S. §3625: Directors' residence, compensation

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Where this section sits in the code
  1. TITLE 24-A: MAINE INSURANCE CODE
  2. CHAPTER 51: DOMESTIC MUTUAL ASSESSMENT INSURERS

1. A majority of the board of directors of the insurer shall be residents of, and actually reside in, this State.

2. The salary or compensation for services of the directors of the insurer shall be fixed by the policyholders at their annual meeting.

Collected 2026-09-04T15:12:33Z. Source file · JSON

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