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Title 24, Chapter 3: ORGANIZATION AND OPERATION

Subchapter 1: GENERAL PROVISIONS

24 §501. License required (REPEALED) 
24 §502. Creation of company; rights and privileges; purposes (REPEALED) 
24 §503. Multiple line insurance (REPEALED) 
24 §504. Merger of domestic mutual companies (REPEALED) 
24 §504-A. Merger of domestic mutual companies with foreign mutual companies (REPEALED) 
24 §505. Change of purposes (REPEALED) 
24 §506. Dissolution of domestic mutual companies (REPEALED) 
24 §507. Articles of agreement; capital and guaranty fund; liability of policyholders and stockholders (REPEALED) 
24 §508. Organization of mutual companies; policies (REPEALED) 
24 §509. Amount of insurance required before policy issuance (REPEALED) 
24 §510. Corporate name; objection by commissioner (REPEALED) 
24 §511. Notice of first meeting (REPEALED) 
24 §512. Organization; record of proceedings; quorum (REPEALED) 
24 §513. Officers (REPEALED) 
24 §514. Approval of certificate; filing and recording (REPEALED) 
24 §515. Increase of capital stock; authority to transact business on increased capital (REPEALED) 
24 §516. Dividends; capital stock increased by amount of certificates of profits issued (REPEALED) 
24 §517. Office and meetings in State; directors to be citizens (REPEALED) 
24 §518. Change of location by mutual fire companies (REPEALED) 
24 §519. Capital required of stock company; assets required of mutual company; business authorized (REPEALED) 
24 §520. Interpretation of provisions (REPEALED) 
24 §521. License; requirements (REPEALED) 
24 §522. Deposit in trust for United States policyholders (REPEALED) 
24 §523. Real estate and securities held by trustees; books and accounts examined (REPEALED) 
24 §524. Licenses (REPEALED) 
24 §525. Authority of foreign insurer restricted (REPEALED) 
24 §526. Reciprocity (REPEALED) 
24 §527. Licenses revoked for violations (REPEALED) 
24 §528. Examination by commissioner (REPEALED) 
24 §529. Extent of examination; refusal to cooperate (REPEALED) 
24 §530. Suspension (REPEALED) 
24 §531. Receivers; appointment; powers (REPEALED) 
24 §532. Insolvent company suspended; policies issued thereafter (REPEALED) 
24 §533. Appeals (REPEALED) 
24 §534. Actions against foreign companies; service; collection of judgment (REPEALED) 
24 §535. Service on agent or commissioner (REPEALED) 
24 §536. Jurisdiction of courts (REPEALED) 
24 §537. Dividends (REPEALED) 
24 §538. Private and special life insurance company charters; confirmation (REPEALED) 

Subchapter 2: STOCK COMPANIES

24 §591. Secretary and other officers (REPEALED) 
24 §592. Manner of calling meetings (REPEALED) 
24 §593. Capital (REPEALED) 
24 §594. Reduction of capital stock (REPEALED) 
24 §595. Liability of stockholders in certain cases (REPEALED) 
24 §596. Capital and assets invested (REPEALED) 
24 §597. Loans on respondentia or bottomry (REPEALED) 
24 §598. Property insurable; limit of risk (REPEALED) 
24 §599. Signing of policies (REPEALED) 
24 §600. Companies not to trade (REPEALED) 
24 §601. Dividends (REPEALED) 
24 §602. Loss of capital (REPEALED) 
24 §603. Marine companies may divide certain profits (REPEALED) 
24 §604. Triennial statements (REPEALED) 
24 §605. No insurance after loss of capital (REPEALED) 
24 §606. Applicability to mutual companies (REPEALED) 

Subchapter 3: ISSUE OF CONTRACT BY INCORPORATED COMPANIES

24 §651. Incorporation required; Lloyd's (REPEALED) 
24 §652. Directors; tenure; vacancies (REPEALED) 
24 §653. Classes of directors; term of office; vacancies (REPEALED) 

Subchapter 4: RECORDS

24 §701. Records confidential (REPEALED) 
24 §702. Subpoena of records (REPEALED) 
The Revisor's Office cannot provide legal advice or interpretation of Maine law to the public.
If you need legal advice, please consult a qualified attorney.
Office of the Revisor of Statutes · 7 State House Station · State House Room 108 · Augusta, Maine 04333-0007
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