Authorization — Maine Code § 18651.
Maine Code § 18651. — Authorization. Reproduced from the official Maine Revised Statutes, with a citation summary, verification link, and related provisions.
§ 18651.. Authorization
The board, and only the board, may purchase for the retirement system, from one or more life insurance companies, a policy or policies of life insurance, as defined by Title 24-A, section 702. [PL 1985, c. 801, §§ 5, 7 (NEW).]
1. Procedure. Proposals for the purchase of insurance may be solicited from one or more insurance companies on a competitive basis or an existing policy or policies may be renegotiated.
2. Licensed company. Any policy or policies purchased shall be purchased from a company or companies licensed under the laws of this State.
Source: official Maine text · Last verified 2026-08-27
At a glance
- Citation: Maine Revised Statutes § 18651.
- Jurisdiction: Maine
- Code: Maine Revised Statutes
- Subject: Authorization
- Text: transcribed from the official source (verify below)
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Statute text is transcribed from the official Maine Revised Statutes. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Maine attorney.
Common questions
What is the source of Maine Revised Statutes § 18651.?
The text above is transcribed from the Maine Revised Statutes, the codified statutes of Maine. The official publisher link appears under "Verify the text" on this page.
What subject does Maine Revised Statutes § 18651. address?
It addresses "Authorization". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Maine Revised Statutes § 18651. still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Maine source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Maine law to your facts requires a licensed Maine attorney who can review the specifics.