{"data":{"id":"us-me/24-a-m.r.s.-3420","jurisdiction":"us-me","citation":"24-A M.R.S. §3420","heading":"Insurance benefits for employees and others","body":"Pursuant to vote of its board of directors heretofore or hereafter made, any domestic stock or mutual insurer may provide for its officers, employees or full-time insurance agents a plan or plans of insurance, to be issued under group or individual policies. The insurer may pay the cost, in whole or in part, of such insurance; or, if duly authorized by its charter and bylaws, may itself provide such benefits directly as the insurer thereof, without requirement of placement through a licensed insurance agent, and in such case may adjust the premium rate for the insurance to reflect such savings in expense as the insurer may deem applicable.","path":["TITLE 24-A: MAINE INSURANCE CODE","CHAPTER 47: ORGANIZATION, CORPORATE POWERS, PROCEDURES OF DOMESTIC LEGAL RESERVE STOCK AND MUTUAL INSURERS","SUBCHAPTER 3: PROVISIONS APPLYING TO STOCK AND MUTUAL INSURERS"],"source_url":"https://legislature.maine.gov/statutes/24-A/title24-Asec3420.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:33Z","sha256":"4476358c867f66c2a280c179487091c69bd59b42b60e708d960221ca14f03e7d","source_id":"us-me","stale":false,"prev":"us-me/24-a-m.r.s.-3419","next":"us-me/24-a-m.r.s.-3421"},"notice":"GroundRules: Original legal text. Not legal advice."}