§1251. Authorized deposits of insurers
The following deposits of insurers when made through the superintendent shall be accepted and held in trust, subject to the provisions of this chapter:
[PL 1969, c. 132, §1 (NEW); PL 1973, c. 585, §12 (AMD).]
1.
Deposits required under this Title for authority to transact insurance in this State.
[PL 1969, c. 132, §1 (NEW).]
2.
Deposits of domestic insurers when made pursuant to its charter; or pursuant to the laws of other states, provinces, and countries as requirement for authority to transact insurance in such state, province or country.
[PL 1969, c. 132, §1 (NEW).]
3.
Deposits in such additional amounts as are permitted to be made under section 1259.
[PL 1969, c. 132, §1 (NEW).]
SECTION HISTORY
PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD).