reglab/housing_qa huggingface dataset:
24-A ME Rev Stat § 418-A (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 5: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS|Subchapter 1: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS|24-A §418-A. Order, notice of suspension or, revocation; publication; effect upon agents' authority

 §418-A. Order, notice of suspension or, revocation; publication; effect upon agents' authority 1.  All suspensions or revocations of, or refusals to continue, an insurer's certificate of authority shall be by the superintendent's order, given to the insurer by personal delivery or by certified or registered mail, addressed to the insurer at its last address of record with the superintendent. Notice by mail shall be deemed given when so mailed.   [PL 1983, c. 419, §4 (NEW).] 2.  Upon issuance of the order, the superintendent shall forthwith give notice thereof to the insurer's agents in this State of record in the bureau, and shall likewise suspend or revoke the authority of those agents to represent the insurer.   [PL 1983, c. 419, §4 (NEW).] SECTION HISTORY PL 1983, c. 419, §4 (NEW).
24-A ME Rev Stat § 419 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 5: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS|Subchapter 1: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS|24-A §419. Duration of suspension; insurer's obligation during suspension period; reinstatement

 §419. Duration of suspension; insurer's obligation during suspension period; reinstatement 1.  The suspension of an insurer's certificate of authority must be for such period as the superintendent specifies in the order of suspension. During the suspension period, the superintendent may rescind or shorten the suspension period by further order. The superintendent may reinstate the insurer's certificate of authority upon written request of the insurer if the superintendent finds that the causes of the suspension are no longer continuing and that the insurer is otherwise in compliance with the requirements of this Title.   [PL 1995, c. 570, §2 (AMD).] 2.  During the suspension period, the insurer shall not solicit or write any new business in this State, but shall file its annual statement, pay fees, licenses and taxes as required under this Title, and may service its business already in force in this State, as if the certificate of authority had continued in full force.   [PL 1983, c. 419, §5 (AMD).] 3.  Upon expiration of the suspension period, if within that period the certificate of authority has not terminated, the insurer's certificate of authority shall reinstate unless the superintendent finds that the causes of the suspension are continuing, or that the insurer is otherwise not in compliance with the requirements of this Title.   [PL 1983, c. 419, §5 (AMD).] 4.  Upon reinstatement of the insurer's certificate of authority, the authority of its agents in this State to represent the insurer shall likewise reinstate. The superintendent shall promptly notify the insurer and its agents in this State, of record in the bureau, of that reinstatement.   [PL 1983, c. 419, §5 (AMD).] SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD). PL 1977, c. 694, §§405,406 (AMD). PL 1983, c. 419, §5 (AMD). PL 1995, c. 570, §2 (AMD).
24-A ME Rev Stat § 420 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 5: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS|Subchapter 1: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS|24-A §420. General corporation laws inapplicable to foreign insurers

 §420. General corporation laws inapplicable to foreign insurers The general corporation laws of this State shall not apply as to foreign insurers holding certificates of authority to transact insurance in this State.   [PL 1969, c. 132, §1 (NEW).]SECTION HISTORY PL 1969, c. 132, §1 (NEW).
24-A ME Rev Stat § 421 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 5: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS|Subchapter 1: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS|24-A §421. Superintendent process agent for insurers

 §421. Superintendent process agent for insurers 1.  Before the superintendent authorizes it to transact insurance in this State, each insurer shall appoint an agent to receive service of legal process issued against the insurer in this State. The insurer shall file with the superintendent a copy of the appointment. The notice to the superintendent must be accompanied by a copy of a resolution of the board of directors or like governing body of the insurer, if an incorporated insurer, showing that those officers who executed the appointment were duly authorized to do so on behalf of the insurer. The registered agent must consent to the appointment.   [PL 1997, c. 592, §12 (AMD).] 1-A.   [MRSA T. 24-A §421, sub-§1-A (RP).] 2.   [PL 1997, c. 457, §12 (RP).] 3.  Service of process against a foreign or alien insurer may be made only by service thereof upon the attorney appointed by the insurer.   [PL 1997, c. 457, §13 (AMD).] 4.  Service of such process against a domestic insurer may be made as provided hereunder, or in any other manner provided by law.   [PL 1969, c. 132, §1 (NEW).] 5.  At the time of application for a certificate of authority the insurer shall file the appointment with the superintendent, together with designation of the person to whom process against it served upon the appointed agent is to be forwarded. The insurer may change such designation by a new filing.   [PL 1997, c. 592, §13 (AMD).] 6.  A copy of such appointment, certified by the superintendent, shall be received in evidence in all courts of this State.   [PL 1973, c. 585, §12 (AMD).] 7.  Any person or entity required by Title 24 or this Title to appoint an agent for service of process who does not have a valid appointment on file with the superintendent or required by applicable law to appoint the superintendent as agent for service of process is deemed to have appointed the superintendent as agent for service of process, and process may be served within this State in the same manner as provided in section 2105. This subsection does not relieve that person or entity from any requirement to appoint an agent for service of process or from the applicable penalties for failure to comply with that requirement.   [PL 2013, c. 238, Pt. E, §1 (AMD).] SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD). PL 1997, c. 457, §§10-14 (AMD). PL 1997, c. 592, §§12, 13 (AMD). PL 1999, c. 113, §18 (AMD). PL 2013, c. 238, Pt. E, §1 (AMD).
24-A ME Rev Stat § 422 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 5: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS|Subchapter 1: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS|24-A §422. Serving process (REPEALED)

 §422. Serving process (REPEALED)SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD). PL 1997, c. 457, §15 (RP).
24-A ME Rev Stat § 423 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 5: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS|Subchapter 1: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS|24-A §423. Annual statement

 §423. Annual statement 1.  Each authorized insurer shall annually on or before March 1st, or within any reasonable extension of time that the superintendent for good cause may have granted on or before such March 1st, file with the superintendent a full and true statement of its financial condition, transactions and affairs as of December 31st preceding. The statement must be on an annual statement blank of the National Association of Insurance Commissioners, be prepared in accordance with the association's annual statement instructions, and follow practices and procedures prescribed by the association's accounting practices and procedures manual, with any useful or necessary modification or adaptation thereof and as supplemented by additional information required by the superintendent. The statement must be verified by the oath of the insurer's president or vice-president, and secretary or actuary as applicable, or in the absence of the foregoing, by 2 other principal officers; or if a reciprocal insurer, by the oath of the attorney-in-fact or its like officers if a corporation.   [PL 1993, c. 313, §16 (AMD).] 2.  The statement of an alien insurer shall be verified by its United States manager or other officer duly authorized, and shall relate only to the insurer's transactions and affairs in the United States unless the superintendent requires otherwise. If the superintendent requires a statement as to such an insurer's affairs throughout the world, the insurer shall file such statement with the superintendent as soon as reasonably possible.   [PL 1973, c. 585, §12 (AMD).] 3.  The superintendent may refuse to continue, or may suspend or revoke, the certificate of authority of any insurer failing to file its annual statement when due.   [PL 1973, c. 585, §12 (AMD).] 4.  Before August 10th, and at the same time the insurer makes payment for its annual assessment, the insurer shall pay the fee for filing its annual statement as prescribed by section 601 (fee schedule).   [PL 1995, c. 544, §5 (AMD).] 5.  The superintendent may adopt rules that prescribe accounting standards applicable to statements filed pursuant to this section. These rules may permit or require any class or classes of insurers domiciled or authorized to do business in this State to conform its financial presentations to the standards of preparation prescribed in the accounting practices and procedures manual of the National Association of Insurance Commissioners.   [PL 1991, c. 828, §14 (NEW).] SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD). PL 1991, c. 828, §14 (AMD). PL 1993, c. 313, §16 (AMD). PL 1995, c. 544, §5 (AMD).
24-A ME Rev Stat § 423-A (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 5: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS|Subchapter 1: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS|24-A §423-A. Interim financial reporting requirements

 §423-A. Interim financial reporting requirements 1.  Quarterly statement.  No later than the 15th day of the 2nd month following the close of any calendar quarter, except the 4th quarter, an authorized insurer that is subject to the requirements of section 423 shall file a quarterly statement of financial condition with the superintendent.   [PL 2017, c. 169, Pt. A, §4 (AMD).] 2.  Form and content.  The quarterly statement must be in the form prescribed by the National Association of Insurance Commissioners and must be prepared in accordance with the association's quarterly statement instructions.   [PL 2017, c. 169, Pt. A, §4 (AMD).] 3.  Verification.  The report must be verified by the oath of the insurer's president or vice-president, and the secretary or actuary as applicable, or in the absence of the foregoing, by 2 other principal officers; or if a reciprocal insurer, by the oath of the attorney-in-fact or its like officers if a corporation.   [PL 2017, c. 169, Pt. A, §4 (AMD).] 4.  Supplemental reporting.  Upon the superintendent's request, the insurer shall file periodic reports of financial condition on a monthly basis, or at other intervals prescribed by the superintendent, in such form and containing such information as the superintendent prescribes.   [PL 2017, c. 169, Pt. A, §4 (NEW).] SECTION HISTORY PL 1985, c. 330, §6 (NEW). PL 2017, c. 169, Pt. A, §4 (AMD).
24-A ME Rev Stat § 423-B (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 5: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS|Subchapter 1: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS|24-A §423-B. Periodic financial reports of insurer-controlled health maintenance organizations

 §423-B. Periodic financial reports of insurer-controlled health maintenance organizations An authorized insurer that controls and operates a health maintenance organization as a division or line of business shall file on a continuing basis any additional periodic financial reports required by the superintendent by rule.   [PL 1993, c. 702, Pt. A, §8 (NEW).]SECTION HISTORY PL 1993, c. 702, §A8 (NEW).
24-A ME Rev Stat § 423-D (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 5: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS|Subchapter 1: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS|24-A §423-D. Annual report supplement

 §423-D. Annual report supplement 1.  Annual report supplement required.  Each health insurer and health maintenance organization shall file an annual report supplement on or before March 1st of each year, or within any reasonable extension of time that the superintendent for good cause may have granted on or before March 1st. The superintendent shall adopt rules regarding specifications for the annual report supplement. The annual report supplements must provide the public with general, understandable and comparable financial information relative to the in-state operations and results of authorized insurers and health maintenance organizations. Such information must include, but is not limited to, medical claims expense, administrative expense and underwriting gain for each line segment of the market in this State in which the insurer participates. The annual report supplements must contain sufficient detail for the public to understand the components of cost incurred by authorized health insurers and health maintenance organizations as well as the annual cost trends of these carriers. The superintendent shall develop standardized definitions of each reported measure. Rules adopted pursuant to this section are routine technical rules as defined in Title 5, chapter 375, subchapter 2‑A.   [PL 2003, c. 469, Pt. E, §2 (NEW).] 2.  Exemption.  If an insurer is engaged in the type of health insurance business identified as an exception to the definition of health insurance in section 704, subsection 2 and is not engaged in health insurance in this State as defined in that section, then the insurer is not subject to the requirements of this section for the filing of annual report supplements.   [PL 2003, c. 469, Pt. E, §2 (NEW).] SECTION HISTORY PL 2003, c. 469, §E2 (NEW).
24-A ME Rev Stat § 423-E (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 5: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS|Subchapter 1: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS|24-A §423-E. Report to Legislature (REPEALED)

 §423-E. Report to Legislature (REPEALED)SECTION HISTORY PL 2007, c. 629, Pt. A, §2 (NEW). PL 2011, c. 90, Pt. B, §3 (RP). PL 2011, c. 90, Pt. B, §10 (AFF).
24-A ME Rev Stat § 423-F (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 5: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS|Subchapter 1: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS|24-A §423-F. Own risk and solvency assessment

 §423-F. Own risk and solvency assessment 1.  General requirement.  A domestic insurer that is not subject to registration under section 222, subsection 8 shall comply with the requirements of section 222, subsection 8, paragraph B‑3 if the requirements of that paragraph would apply if the insurer were subject to registration. The superintendent is considered the insurer's lead regulator for purposes of this section.   [PL 2013, c. 238, Pt. A, §30 (NEW); PL 2013, c. 238, Pt. A, §34 (AFF).] 2.  Confidentiality.  All documents prepared or filed pursuant to this section are confidential to the same extent and subject to the same terms and procedures as if they were prepared or filed pursuant to section 222, subsection 8, paragraph B‑3.   [PL 2013, c. 238, Pt. A, §30 (NEW); PL 2013, c. 238, Pt. A, §34 (AFF).] SECTION HISTORY PL 2013, c. 238, Pt. A, §30 (NEW). PL 2013, c. 238, Pt. A, §34 (AFF).
24-A ME Rev Stat § 424 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 5: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS|Subchapter 1: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS|24-A §424. -- penalty for late or false statement

 §424. -- penalty for late or false statement 1.  An insurer failing, without just cause beyond the reasonable control of the insurer, to file its annual statement as required in section 423 shall forfeit to the State $25 for each day of delinquency, to be collected if necessary, by civil action against the insurer in the District Court, Southern Kennebec Division.   [PL 1969, c. 132, §1 (NEW).] 2.  Any director, officer, agent or employee of any insurer who subscribes to, makes or concurs in making or publishing, any annual or other statement required by law, knowing the same to contain any material statement that is false, commits a Class D crime.   [PL 1991, c. 797, §9 (AMD).] SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1991, c. 797, §9 (AMD).
24-A ME Rev Stat § 425 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 5: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS|Subchapter 1: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS|24-A §425. Transactions with parent corporation, subsidiaries, and affiliates

 §425. Transactions with parent corporation, subsidiaries, and affiliates 1.  No insurer shall engage directly or indirectly in any transaction or agreement with its parent corporation, or with any subsidiary or affiliated person which shall result or tend to result in:   A. Substitution through any method of any asset of the insurer with an asset or assets of inferior quality or lower fair market value; or   [PL 1969, c. 132, §1 (NEW).]B. Deception as to the true operating results of the insurer; or   [PL 1969, c. 132, §1 (NEW).]C. Deception as to the true financial condition of the insurer; or   [PL 1969, c. 132, §1 (NEW).]D. Allocation to the insurer of a proportion of the expense of combined facilities or operations which is unfair and unfavorable to the insurer; or   [PL 1969, c. 132, §1 (NEW).]E. Unfair, unnecessary or excessive charges against the insurer for services, or facilities, or supplies or reinsurance; or   [PL 1969, c. 132, §1 (NEW).]F. Unfair and inadequate charges by the insurer for reinsurance, services, facilities or supplies furnished by the insurer to others; or   [PL 1969, c. 132, §1 (NEW).]G. Payment by the insurer for services, facilities, supplies or reinsurance not reasonably needed by the insurer.   [PL 1969, c. 132, §1 (NEW).][PL 1969, c. 132, §1 (NEW).] 2.  In all transactions between the insurer and its parent corporation, or involving the insurer and any subsidiary or affiliated person, full recognition shall be given to the paramount duty and obligation of the insurer to protect the interests of policyholders, both existing and future.   [PL 1969, c. 132, §1 (NEW).] 3.  For the purposes of this section a "subsidiary" is a person of which either the insurer or the parent corporation, or both, holds practical control, and an "affiliated person" is a person controlled by any combination of the insurer, the parent corporation, a subsidiary, or the principal stockholders or officers or directors of any of the foregoing.   [PL 1969, c. 132, §1 (NEW).] SECTION HISTORY PL 1969, c. 132, §1 (NEW).
24-A ME Rev Stat § 425-A (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 5: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS|Subchapter 1: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS|24-A §425-A. Contract to participate in finance program

 §425-A. Contract to participate in finance program An authorized insurer may enter into a contract or arrangement with a financial institution for the purpose of participating in a finance program with the financial institution. In this case, the financial institution need not be licensed as a producer, as long as the purpose of the arrangement is to authorize an insurer to direct or refer insureds, prospective insureds or other customers to the financial institution for loans, or for the purpose of authorizing an insurer to facilitate arrangements for leases, loans or credit applications with the financial institution. This section does not exempt persons from otherwise complying with applicable state or federal laws relating to entering into such contracts.   [PL 1997, c. 457, §16 (NEW).]SECTION HISTORY PL 1997, c. 457, §16 (NEW).
24-A ME Rev Stat § 426 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 5: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS|Subchapter 1: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS|24-A §426. Resident agent; countersignature law (REPEALED)

 §426. Resident agent; countersignature law (REPEALED)SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1989, c. 168, §2 (RP).
24-A ME Rev Stat § 427 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 5: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS|Subchapter 1: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS|24-A §427. -- exceptions (REPEALED)

 §427. -- exceptions (REPEALED)SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1969, c. 177, §11 (AMD). PL 1979, c. 162 (AMD). PL 1985, c. 524, §§1-4 (AMD). PL 1987, c. 481, §1 (AMD). PL 1989, c. 168, §3 (RP).
24-A ME Rev Stat § 471 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 5: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS|Subchapter 2: INSURANCE EMERGENCIES|24-A §471. Proclamation by Governor

 §471. Proclamation by Governor Whenever it appears to the Governor that the welfare of the State or any section thereof, or the welfare and security of insurers under the supervision of the superintendent or their insureds or beneficiaries require, the Governor may proclaim that an insurance emergency exists and this subchapter shall thereupon become effective.   [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 § 472 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 5: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS|Subchapter 2: INSURANCE EMERGENCIES|24-A §472. Rules and regulations

 §472. Rules and regulations During the period of any insurance emergency described in section 471, the superintendent has power to make, amend or rescind such rules and regulations governing the business of any insurers as the superintendent considers expedient in order to adopt and maintain sound methods of protecting the interests of insurer, insureds, beneficiaries or the public.   [RR 2021, c. 1, Pt. B, §182 (COR).]SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD). RR 2021, c. 1, Pt. B, §182 (COR).
24-A ME Rev Stat § 473 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 5: AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS|Subchapter 2: INSURANCE EMERGENCIES|24-A §473. Insurers regulated; suspended

 §473. Insurers regulated; suspended During any insurance emergency period as described in sections 471 and 472, the superintendent is empowered to suspend for such time or times as the superintendent may determine the transaction of insurance functions of any authorized insurer, whether domestic or foreign, solvent or otherwise, and to limit its insurance business in volume or character to such particular amounts or classifications and for such time or times as the superintendent considers advisable.   [RR 2021, c. 1, Pt. B, §183 (COR).]SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD). RR 2021, c. 1, Pt. B, §183 (COR).