{"data":{"id":"us-me/5-m.r.s.-18051","jurisdiction":"us-me","citation":"5 M.R.S. §18051","heading":"Authorization","body":"The board, and only the board, may purchase for the retirement system, from one or more life insurance companies, a policy or policies of life insurance, as defined by Title 24‑A, section 702.\n1.  Procedure.  Proposals for the purchase of insurance may be solicited from one or more insurance companies on a competitive basis or an existing policy or policies may be renegotiated.\n2.  Licensed company.  Any policy or policies purchased shall be purchased from a company or companies licensed under the laws of this State.","path":["TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES","PART 20: STATE RETIREMENT SYSTEM","CHAPTER 423: STATE EMPLOYEES AND TEACHERS","SUBCHAPTER 6: GROUP LIFE INSURANCE"],"source_url":"https://legislature.maine.gov/statutes/5/title5sec18051.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:22Z","sha256":"2560252a2445927d57935b18fbc7fd2413ce1a9ee351d01c702427523408c225","source_id":"us-me","stale":false,"prev":"us-me/5-m.r.s.-18007","next":"us-me/5-m.r.s.-18052"},"notice":"GroundRules: Original legal text. Not legal advice."}