24-A §3853. Insuring powers of reciprocals
Title 24-A: MAINE INSURANCE CODE
Chapter 53: RECIPROCAL INSURERS
§3853. Insuring powers of reciprocals
1. A reciprocal insurer may, upon qualifying therefore as provided for by this Title, transact any kind or kinds of insurance defined by this Title, other than life or title insurances.
[ 1969, c. 132, §1 (NEW) .]
2. Such an insurer may purchase reinsurance upon the risk of any subscriber, and may grant reinsurance as to any kind of insurance it is authorized to transact direct.
[ 1969, c. 132, §1 (NEW) .]
SECTION HISTORY
1969, c. 132, §1 (NEW).