Maine Revised Statutes
Ch. 51 Contents
Title 24-A Contents
List of Titles
Title 24-A: MAINE INSURANCE CODE
Chapter 51: DOMESTIC MUTUAL ASSESSMENT INSURERS
§3625. Directors' residence, compensation
A majority of the board of directors of the insurer shall be residents of, and actually reside in, this State.
The salary or compensation for services of the directors of the insurer shall be fixed by the policyholders at their annual meeting.
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