reglab/housing_qa huggingface dataset:
24-A ME Rev Stat § 3308-A (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 47: ORGANIZATION, CORPORATE POWERS, PROCEDURES OF DOMESTIC LEGAL RESERVE STOCK AND MUTUAL INSURERS|Subchapter 1: ORGANIZATION AND GENERAL POWERS|24-A §3308-A. Filing by the Secretary of State

 §3308-A. Filing by the Secretary of State 1.  Duty to file.  If a document delivered to the office of the Secretary of State for filing pursuant to this chapter satisfies the requirements of Title 13‑C and this chapter, the Secretary of State shall file the document.   [PL 2013, c. 299, §4 (AMD).] 2.  Recording as filed; acknowledgment.  The Secretary of State files a document pursuant to subsection 1 by recording it as filed on the date of receipt. After filing a document, the Secretary of State shall deliver to the corporation or its representative a copy of the document with an acknowledgment of the date of filing.   [PL 2009, c. 56, §18 (NEW).] 3.  Evidentiary effect of copy of filed document.  A certificate from the Secretary of State delivered with a copy of a document filed by the Secretary of State is conclusive evidence that the original document is on file with the Secretary of State.   [PL 2009, c. 56, §18 (NEW).] SECTION HISTORY PL 2009, c. 56, §18 (NEW). PL 2013, c. 299, §4 (AMD).
24-A ME Rev Stat § 3309 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 47: ORGANIZATION, CORPORATE POWERS, PROCEDURES OF DOMESTIC LEGAL RESERVE STOCK AND MUTUAL INSURERS|Subchapter 1: ORGANIZATION AND GENERAL POWERS|24-A §3309. Completion of incorporation; general powers, duties

 §3309. Completion of incorporation; general powers, duties The incorporation of an insurer is effective as of the date of filing of the appropriate document by the Secretary of State as provided for in section 3308‑A, and thereupon the corporation is vested with all the powers, rights and privileges and is subject to all the duties, liabilities and restrictions applicable to insurer corporations subject to qualification and application for, and issuance to the corporation of, a certificate of authority as an insurer by the superintendent under this Title.   [PL 2009, c. 56, §19 (AMD).]SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD). PL 2009, c. 56, §19 (AMD).
24-A ME Rev Stat § 3310 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 47: ORGANIZATION, CORPORATE POWERS, PROCEDURES OF DOMESTIC LEGAL RESERVE STOCK AND MUTUAL INSURERS|Subchapter 1: ORGANIZATION AND GENERAL POWERS|24-A §3310. Amendment of articles of incorporation; change of principal place of business

 §3310. Amendment of articles of incorporation; change of principal place of business 1.     A stock insurer may amend its articles of incorporation for any lawful purpose by authorization or vote of stockholders as provided for business corporations in general under the laws of this State applicable to such business corporations.   [PL 2013, c. 299, §5 (AMD).] 2.     A mutual insurer may amend its articles of incorporation for any lawful purpose by affirmative vote of a majority of those of its members entitled to vote and present or represented by proxy at a lawful meeting of its members of which the notice given members included due notice of the proposal to amend and the substance of such proposal, and by affirmative vote of the holders of at least 2/3 of the insurer's outstanding guaranty capital shares, if any.   [PL 2013, c. 299, §5 (AMD).] 3.     Upon adoption of an amendment under subsection 1 or 2, the insurer shall make in triplicate a certificate, sometimes referred to as a "certificate of amendment", setting forth the amendment and the date and manner of the adoption of the amendment. The certificate must be executed by the insurer's president or vice-president and secretary or assistant secretary and duly sworn to by one of them. The insurer shall deliver to the superintendent the triplicate originals of the certificate for review, certification and approval or disapproval by the Attorney General and the superintendent, and filing and recording, all as provided for original articles of incorporation under section 3307. The Secretary of State shall charge and collect for the use of the State a fee of $20 for filing and recording the certificate of amendment of a mutual insurer. The amendment is effective when duly approved and filed with the Secretary of State.   [PL 2015, c. 329, Pt. B, §3 (AMD).] 4.  An insurer may change its principal place of business without amendment of its articles of incorporation, by resolution of its board of directors. A copy of the resolution, duly certified under oath by the corporate secretary, must be executed in triplicate and filed with the superintendent, with the Secretary of State and in the corporate records.   [PL 2013, c. 299, §5 (AMD).] SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD). PL 2013, c. 299, §5 (AMD). PL 2015, c. 329, Pt. B, §3 (AMD).
24-A ME Rev Stat § 3311 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 47: ORGANIZATION, CORPORATE POWERS, PROCEDURES OF DOMESTIC LEGAL RESERVE STOCK AND MUTUAL INSURERS|Subchapter 1: ORGANIZATION AND GENERAL POWERS|24-A §3311. Insurance business exclusive; exceptions

 §3311. Insurance business exclusive; exceptions 1.  No domestic insurer heretofore or hereafter formed shall engage in any business other than the insurance business and in business activities reasonably and necessarily incidental to such insurance business.   [PL 1969, c. 132, §1 (NEW).] 2.  Except that:   A. A title insurer may also engage in business as an escrow agent;   [PL 1969, c. 132, §1 (NEW).]B. Any insurer may also engage in business activities reasonably related to the management, supervision, servicing of, and protection of its interests as to its lawful investments;   [PL 1969, c. 132, §1 (NEW).]C. An insurer may own subsidiaries or subsidiaries owning other subsidiaries which may engage in such businesses all as provided for in section 1115 (stocks of subsidiaries) or in section 1157 (investment in subsidiaries);   [PL 1987, c. 399, §17 (AMD).]D. An insurer may utilize its facilities to perform administrative services for any governmental body, unit or agency; and   [PL 1987, c. 399, §17 (AMD).]E. An insurer transacting business of a type described in section 702, life insurance; section 703, annuity; or section 704, health insurance; or any combination of those types of business, may engage in any other business in which it is otherwise qualified to engage to the extent and in the manner approved by the superintendent.   [PL 1987, c. 399, §18 (NEW).][PL 1987, c. 399, §§17, 18 (AMD).] SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1987, c. 399, §§17,18 (AMD).
24-A ME Rev Stat § 3353 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 47: ORGANIZATION, CORPORATE POWERS, PROCEDURES OF DOMESTIC LEGAL RESERVE STOCK AND MUTUAL INSURERS|Subchapter 2: PROVISIONS APPLYING ONLY TO MUTUAL INSURERS|24-A §3353. Qualifying applications for insurance; bond or deposit

 §3353. Qualifying applications for insurance; bond or deposit 1.  Before soliciting any applications for insurance required under section 3352 as qualification for the original certificate of authority, the incorporators of the proposed insurer shall file with the superintendent a corporate surety bond in the penalty of $15,000, in favor of the State and for the use and benefit of the State and of applicant members and creditors of the corporation. The bond must be conditioned in the event the corporation fails to complete its organization and secure a certificate of authority within one year after the date of its articles of incorporation:   A. For the prompt return to applicant members of all premiums collected in advance;   [PL 1969, c. 132, §1 (NEW).]B. For payment of all indebtedness of the corporation; and   [PL 1969, c. 132, §1 (NEW).]C. For payment of costs incurred by the State in the event of any legal proceedings for liquidation or dissolution of the corporation.   [PL 2013, c. 299, §6 (AMD).]  [PL 2013, c. 299, §6 (AMD).] 2.  In lieu of such bond, the incorporators may deposit with the commissioner $15,000 in cash or United States government bonds, negotiable and payable to the bearer, with a market value at all times of not less than $15,000 and to be held in trust upon the same conditions as required for the bond.   [PL 1969, c. 132, §1 (NEW).] 3.  The superintendent shall release and discharge any such bond filed or deposit or remaining portion thereof held under this section upon settlement and termination of all liabilities against it.   [PL 1973, c. 585, §12 (AMD).] SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD). PL 2013, c. 299, §6 (AMD).
24-A ME Rev Stat § 3354 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 47: ORGANIZATION, CORPORATE POWERS, PROCEDURES OF DOMESTIC LEGAL RESERVE STOCK AND MUTUAL INSURERS|Subchapter 2: PROVISIONS APPLYING ONLY TO MUTUAL INSURERS|24-A §3354. Qualifying applications for insurance; solicitation

 §3354. Qualifying applications for insurance; solicitation 1.  Upon receipt of the superintendent's approval of the bond or deposit as provided in section 3353, the directors and officers of the proposed domestic mutual insurer may commence solicitation of such requisite applications for insurance policies as they may accept, and may receive deposits of premiums thereon.   [PL 1973, c. 585, §12 (AMD).] 2.  All such applications shall be in writing signed by the applicant, covering subjects of insurance resident, located or to be performed in this State.   [PL 1969, c. 132, §1 (NEW).] 3.  All applications must provide that:   A. Issuance of the policy is contingent upon the insurer qualifying for and receiving a certificate of authority;   [PL 1969, c. 132, §1 (NEW).]B. Insurance is not in effect until the certificate of authority has been issued; and   [PL 2013, c. 299, §7 (AMD).]C. The prepaid premium or deposit, and membership or policy fee, if any, must be refunded in full to the applicant if organization is not completed and the certificate of authority is not issued and received by the insurer before a specified reasonable date, which date may not be later than one year after the date of the articles of incorporation.   [PL 2013, c. 299, §7 (AMD).][PL 2013, c. 299, §7 (AMD).] 4.  All qualifying premiums collected shall be in cash.   [PL 1969, c. 132, §1 (NEW).] 5.  Solicitation for such qualifying applications for insurance must be by licensed producers of the corporation, and the superintendent shall, upon the corporation's application therefor, issue temporary producer's licenses expiring on the date specified pursuant to subsection 3, paragraph C to individuals qualified as for a resident producer's license except as to the taking or passing of an examination. The superintendent may suspend or revoke any such license for any of the causes and pursuant to the same procedures as are applicable to suspension or revocation of licenses of producers in general under chapter 16.   [PL 1997, c. 457, §44 (AMD); PL 1997, c. 457, §55 (AFF).] SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD). PL 1997, c. 457, §44 (AMD). PL 1997, c. 457, §55 (AFF). PL 2013, c. 299, §7 (AMD).
24-A ME Rev Stat § 3355 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 47: ORGANIZATION, CORPORATE POWERS, PROCEDURES OF DOMESTIC LEGAL RESERVE STOCK AND MUTUAL INSURERS|Subchapter 2: PROVISIONS APPLYING ONLY TO MUTUAL INSURERS|24-A §3355. Deposit of qualifying premiums; effective date of insurance

 §3355. Deposit of qualifying premiums; effective date of insurance 1.  All sums collected by a domestic mutual corporation as premiums or fees on qualifying applications for insurance therein shall be deposited in trust in a bank or trust company in this State under a written trust agreement consistent with this section and with section 3354, subsection 3, paragraph C. The corporation shall file an executed copy of such trust agreement with the superintendent.   [PL 1973, c. 585, §12 (AMD).] 2.  Upon issuance to the corporation of a certificate of authority as an insurer for the kind or kinds of insurance for which such applications were solicited, all funds so held in trust shall become the funds of the insurer, and the insurer shall thereafter in due course issue and deliver its policies for which premiums had been paid and accepted. The insurance provided by such policies shall be effective as of the date of the certificate of authority or thereafter as provided by the respective policies.   [PL 1969, c. 132, §1 (NEW).] SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD).
24-A ME Rev Stat § 3356 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 47: ORGANIZATION, CORPORATE POWERS, PROCEDURES OF DOMESTIC LEGAL RESERVE STOCK AND MUTUAL INSURERS|Subchapter 2: PROVISIONS APPLYING ONLY TO MUTUAL INSURERS|24-A §3356. Failure to complete and qualify

 §3356. Failure to complete and qualify If the proposed domestic mutual insurer fails to complete its organization and to secure its original certificate of authority within one year after the date its articles of incorporation were filed with the Secretary of State, its corporate powers cease, and the superintendent shall return or cause to be returned to the persons entitled to them all advance deposits or payments of premium held in trust under section 3355.   [PL 2013, c. 299, §8 (AMD).]SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD). PL 2013, c. 299, §8 (AMD).
24-A ME Rev Stat § 3357 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 47: ORGANIZATION, CORPORATE POWERS, PROCEDURES OF DOMESTIC LEGAL RESERVE STOCK AND MUTUAL INSURERS|Subchapter 2: PROVISIONS APPLYING ONLY TO MUTUAL INSURERS|24-A §3357. Authority to transact additional kinds of insurance

 §3357. Authority to transact additional kinds of insurance After being authorized to transact one kind or combination of kinds of insurance as provided in section 3352, a mutual insurer may be authorized by the superintendent to transact such additional kinds of insurance as are permitted under section 409 (combinations of insuring powers), while otherwise in compliance with this Title and while maintaining unimpaired surplus and guaranty capital funds in an amount not less than the amount of paid-in capital stock required to be maintained by a like domestic stock insurer transacting the same kinds of insurance.   [PL 1973, c. 585, §12 (AMD).]SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD).
24-A ME Rev Stat § 3359 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 47: ORGANIZATION, CORPORATE POWERS, PROCEDURES OF DOMESTIC LEGAL RESERVE STOCK AND MUTUAL INSURERS|Subchapter 2: PROVISIONS APPLYING ONLY TO MUTUAL INSURERS|24-A §3359. Bylaws

 §3359. Bylaws 1.  A domestic mutual insurer shall have bylaws for the government of its affairs. The insurer's initial board of directors shall adopt original bylaws, subject to the approval of the insurer's members at the next meeting of members.   [PL 1969, c. 132, §1 (NEW).] 2.  The bylaws shall contain provisions, consistent with this Title, relating to:   A. The voting rights of members;   [PL 1969, c. 132, §1 (NEW).]B. Election of directors, and the number, qualifications, terms of office and powers of directors;   [PL 1969, c. 132, §1 (NEW).]C. Annual and special meetings of members;   [PL 1969, c. 132, §1 (NEW).]D. The number, designation, election, terms and powers and duties of the respective corporate officers;   [PL 1969, c. 132, §1 (NEW).]E. Deposit, custody, disbursement and accounting for corporate funds;   [PL 1969, c. 132, §1 (NEW).]F. Fidelity bonds covering such officers and employees of the insurer as handle its funds, to be issued by a corporate surety and to be in such amount as may be reasonable; and   [PL 1969, c. 132, §1 (NEW).]G. Such other matters as may be customary, necessary or convenient for the management or regulation of corporate affairs.   [PL 1969, c. 132, §1 (NEW).][PL 1969, c. 132, §1 (NEW).] 3.  The insurer shall promptly file with the superintendent a copy, certified by the insurer's secretary, of its bylaws and of every modification thereof or addition thereto. The superintendent shall disapprove any bylaw provision deemed by him, after a hearing held thereon, to be unlawful, unreasonable, inadequate, unfair or detrimental to the proper interests or protection of the insurer's members or any class thereof. The insurer shall not, after receiving written notice of such disapproval and during the existence thereof, effectuate any bylaw provision so disapproved.   [PL 1973, c. 585, §12 (AMD).] SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD).
24-A ME Rev Stat § 3360 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 47: ORGANIZATION, CORPORATE POWERS, PROCEDURES OF DOMESTIC LEGAL RESERVE STOCK AND MUTUAL INSURERS|Subchapter 2: PROVISIONS APPLYING ONLY TO MUTUAL INSURERS|24-A §3360. Members are policyholders

 §3360. Members are policyholders 1.  Each policyholder of a domestic mutual insurer, other than of a reinsurance contract, is a member of the insurer with all rights and obligations of such membership, as the charter and as the policy shall so specify.   [PL 1969, c. 132, §1 (NEW).] 2.  Any person, government or governmental agency, state or political subdivision thereof, public or private corporation, board, association, firm, estate, trustee or fiduciary may be a member of a domestic, foreign or alien mutual insurer. Any officer, stockholder, trustee or legal representative of any such corporation, board, association or estate may be recognized as acting for or on its behalf for the purpose of such membership, and shall not be personally liable upon any contract of insurance for acting in such representative capacity.   [PL 1969, c. 132, §1 (NEW).] 3.  Any domestic corporation may participate as a member of a mutual insurer as an incidental purpose for which such corporation is organized, and as much granted as the rights and powers expressly conferred.   [PL 1969, c. 132, §1 (NEW).] SECTION HISTORY PL 1969, c. 132, §1 (NEW).
24-A ME Rev Stat § 3361 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 47: ORGANIZATION, CORPORATE POWERS, PROCEDURES OF DOMESTIC LEGAL RESERVE STOCK AND MUTUAL INSURERS|Subchapter 2: PROVISIONS APPLYING ONLY TO MUTUAL INSURERS|24-A §3361. Meetings of members, in general

 §3361. Meetings of members, in general 1.  Meetings of members of a domestic mutual insurer shall be held in the city or town of its principal office in this State, except as may otherwise be provided in the insurer's bylaws with the superintendent's approval.   [PL 1973, c. 585, §12 (AMD).] 2.  Each such insurer shall, during the first 6 months of each calendar year, hold the annual meeting of its members to fill vacancies existing or occurring in the board of directors, receive and consider reports of the insurer's officers as to its affairs and transact such other business as may properly be brought before it.   [PL 1969, c. 132, §1 (NEW).] 3.  Written notice of the time and place of the annual meeting of members shall be given members not less than 30 days prior to the meeting. Notice may be given by imprinting the notice plainly on the policies issued by the insurer or in any other appropriate manner. Any change of the date or place of the annual meeting shall be made only by an annual meeting of members. Notice of such change, among other appropriate methods, may be given:   A. By imprinting such new date or place on all policies which will be in effect as of the date of such changed meeting; or   [PL 1969, c. 132, §1 (NEW).]B. Unless the superintendent otherwise orders, notice of the new date or place need be given only through policies issued after the date of the annual meeting at which such change was made and in premium notices and renewal certificates issued during the 24 months immediately following such meeting.   [PL 1973, c. 585, §12 (AMD).][PL 1973, c. 585, §12 (AMD).] 4.  If more than 6 months are allowed to elapse after an annual meeting of members is due to be held and without such annual meeting being held, the superintendent shall, upon written request of any officer, director or member of the insurer, cause written notice of such meeting to be given to the insurer's members, and the meeting shall be held as soon as reasonably possible thereafter.   [PL 1973, c. 585, §12 (AMD).] SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD).
24-A ME Rev Stat § 3362 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 47: ORGANIZATION, CORPORATE POWERS, PROCEDURES OF DOMESTIC LEGAL RESERVE STOCK AND MUTUAL INSURERS|Subchapter 2: PROVISIONS APPLYING ONLY TO MUTUAL INSURERS|24-A §3362. Special meetings of members

 §3362. Special meetings of members 1.  A special meeting of the members of a mutual insurer may be held for any lawful purpose.  The meeting shall be called by the corporate secretary pursuant to request of the insurer's president or of its board of directors, or upon request in writing signed by not less than 1/10 of the insurer's members. The meeting shall be held at such time as the secretary may fix, but not less than 10 nor more than 30 days after receipt of the request. If the secretary fails to issue such call, the president, directors or members making the request may do so.   [PL 1969, c. 132, §1 (NEW).] 2.  Not less than 10 days' written notice of the meeting shall be given.  Notice addressed to the insurer's members at their respective post-office addresses last of record with the insurer and deposited, postage prepaid, in a letter depository of the United States post office, shall be deemed to have been given when so mailed. In lieu of mailed notice, the insurer may publish the notice in such publication or publications as shall afford a majority of its members a reasonable opportunity to have actual advance notice of the meeting. The notice shall state the purposes of the meeting, and no business shall be transacted at the meeting of which notice was not so given.   [RR 2015, c. 2, §15 (COR).] SECTION HISTORY PL 1969, c. 132, §1 (NEW). RR 2015, c. 2, §15 (COR).
24-A ME Rev Stat § 3363 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 47: ORGANIZATION, CORPORATE POWERS, PROCEDURES OF DOMESTIC LEGAL RESERVE STOCK AND MUTUAL INSURERS|Subchapter 2: PROVISIONS APPLYING ONLY TO MUTUAL INSURERS|24-A §3363. Voting rights of members

 §3363. Voting rights of members 1.  Each member of a mutual insurer is entitled to one vote upon each matter coming to a vote at a meeting of members, or to such other vote as may be provided for on a reasonable basis in the insurer's bylaws with the superintendent's approval.   [PL 1973, c. 585, §12 (AMD).] 2.  A member has the right to vote in person or by the member's written proxy filed with the corporate secretary not less than 20 days prior to the meeting. Any such proxy may not be made irrevocable, or be valid beyond the earlier of the following dates:   A. The date of expiration set forth in the proxy; or   [PL 1969, c. 132, §1 (NEW).]B. The date of termination of membership;   [RR 2021, c. 1, Pt. B, §267 (COR).]C. 5 years from the date of execution of the proxy.   [PL 1969, c. 132, §1 (NEW).][RR 2021, c. 1, Pt. B, §267 (COR).] 3.  No member's vote upon any proposal to divest the insurer of its business or assets, or the major part thereof, shall be registered or taken, except in person or by proxy newly executed and specific as to the matter to be voted upon.   [PL 1969, c. 132, §1 (NEW).] SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD). RR 2021, c. 1, Pt. B, §267 (COR).