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Me. Rev. Stat. tit. 24-A, § 1129

Special investments of title insurers

PL 1969, c. 132, §1 (NEW).

1. A title insurer may also have invested funds in an amount not exceeding 50% of its paid-in capital stock and its surplus, in its abstract plant and equipment and in stocks of abstract companies.

2. Investments authorized under subsection 1 shall not be credited against required reserves.

Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.