GroundRules
24-A M.R.S. §401: "Mutual" insurer defined
Where this section sits in the code
- TITLE 24-A: MAINE INSURANCE CODE
- CHAPTER 5: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS
- SUBCHAPTER 1: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS
A "mutual" insurer is an incorporated insurer without permanent capital stock, and the governing body of which is elected by its policyholders or those policyholders specified in its charter, or by any reasonable combination of its policyholders, guaranty fund stockholders, or guaranty fund certificate holders, or by other reasonable method.
Collected 2026-09-04T15:12:33Z. Source file · JSON