Maine Code § 24-A-3620

-- when assessment final; costs; control of funds and payment of assessments
Open in Lexace · Ask the AI about this section
1. When an assessment or call has been ratified, ascertained or established as provided for in
sections 3617 to 3619, a decree shall be entered which shall be final and conclusive upon the insurer
and all parties liable to the assessment or call as to the necessity of the same, the authority of the insurer
to make or collect it, the amount thereof and all formalities connected therewith. Where an assessment
or call is altered or amended by vote of directors and decree of the court thereon, such amended or
altered assessment or call is binding upon all parties who would have been liable under it as originally
made, and in all legal proceedings shall be held to be such original assessment or call.
[PL 1969, c. 132, §1 (NEW).]
2. All proceedings shall be at the cost of the insurer, unless the court for cause otherwise orders.
[PL 1969, c. 132, §1 (NEW).]
3. In all cases the court may control the disposal of the funds collected under these proceedings,
and may issue all necessary processes to enforce the payment of such assessments against all persons
liable therefor.
[PL 1969, c. 132, §1 (NEW).]

‹ Prev All Maine sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.