State Codes and Statutes
Statutes > Maine > Title24a > Title24-Ach13sec0 > Title24-Asec1129Title 24-A: MAINE INSURANCE CODE
Chapter 13: INVESTMENTS
§1129. Special investments of title insurers
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.
[ 1969, c. 132, §1 (NEW) .]
2. Investments authorized under subsection 1 shall not be credited against required reserves.
[ 1969, c. 132, §1 (NEW) .]
SECTION HISTORY
1969, c. 132, §1 (NEW).
