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Me. Rev. Stat. tit. 24-A, § 1260

Rights of insurer during solvency

PL 1969, c. 132, §1 (NEW).

So long as the insurer remains solvent and is in compliance with this Title it may:

1. Demand, receive, sue for and recover the income from the securities deposited;

2. Exchange and substitute for the deposited securities, eligible securities of equivalent or greater fair market value; and

3. At any reasonable time inspect any such deposit.

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