reglab/housing_qa huggingface dataset:
24-A ME Rev Stat § 993 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 11: ASSETS AND LIABILITIES|Subchapter 5: PROPERTY AND CASUALTY ACTUARIAL OPINION|24-A §993. Actuarial opinion of reserves and supporting documentation

 §993. Actuarial opinion of reserves and supporting documentation 1.  Statement of actuarial opinion.  Every property and casualty insurance company doing business for covered kinds of insurance in this State, unless otherwise exempted by the domiciliary commissioner, shall annually submit the opinion of an appointed qualified actuary entitled “Statement of Actuarial Opinion.” This opinion must be filed in accordance with the appropriate NAIC property and casualty annual statement instructions.   [PL 2007, c. 281, §2 (NEW); PL 2007, c. 281, §3 (AFF).] 2.  Actuarial opinion summary.  An actuarial opinion summary is required pursuant to this subsection.   A. Every property and casualty insurance company domiciled in this State that is required to submit a statement of actuarial opinion shall annually submit an actuarial opinion summary, written by the company’s appointed qualified actuary. This actuarial opinion summary must be filed in accordance with the appropriate NAIC property and casualty annual statement instructions and must be considered as a document supporting the actuarial opinion required in subsection 1.   [PL 2007, c. 281, §2 (NEW); PL 2007, c. 281, §3 (AFF).]B. A property and casualty insurance company licensed but not domiciled in this State shall provide an actuarial opinion summary upon request of the superintendent.   [PL 2007, c. 281, §2 (NEW); PL 2007, c. 281, §3 (AFF).][PL 2007, c. 281, §2 (NEW); PL 2007, c. 281, §3 (AFF).] 3.  Actuarial report and work papers.  An actuarial report is required pursuant to this subsection.   A. An actuarial report and underlying work papers as required by the appropriate NAIC property and casualty annual statement instructions must be prepared to support each actuarial opinion.   [PL 2007, c. 281, §2 (NEW); PL 2007, c. 281, §3 (AFF).]B. If a property and casualty insurance company fails to provide a supporting actuarial report or work papers at the request of the superintendent or the superintendent determines that the supporting actuarial report or work papers provided by the company are otherwise unacceptable to the superintendent, the superintendent may engage a qualified actuary at the expense of the company to review the opinion and the basis for the opinion and prepare the supporting actuarial report or work papers.   [PL 2007, c. 281, §2 (NEW); PL 2007, c. 281, §3 (AFF).][PL 2007, c. 281, §2 (NEW); PL 2007, c. 281, §3 (AFF).] 4.  Liability.  The appointed qualified actuary is not liable for damages to any person, other than the property and casualty insurance company and the superintendent, for any act, error, omission, decision or conduct with respect to the actuary's opinion, except in cases of fraud, willful misconduct or reckless disregard on the part of the actuary.   [PL 2007, c. 281, §2 (NEW); PL 2007, c. 281, §3 (AFF).] SECTION HISTORY PL 2007, c. 281, §2 (NEW). PL 2007, c. 281, §3 (AFF).
24-A ME Rev Stat § 1401 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 16: PRODUCERS, ADJUSTERS AND CONSULTANTS|Subchapter 1: SCOPE OF CHAPTER AND DEFINITIONS|24-A §1401. Scope of chapter

 §1401. Scope of chapter 1.  Producers, consultants and adjusters.  This chapter governs the qualifications, licensing and general requirements for producers, consultants and adjusters as to any and all kinds of insurance and types of insurers, nonprofit hospital or medical service organizations, health maintenance organizations, fraternal benefit societies, viatical settlement providers and risk retention groups, except reinsurers.   [PL 2001, c. 259, §2 (AMD).] 2.  Agents and brokers.   [PL 1997, c. 457, §23 (NEW); PL 1997, c. 457, §55 (AFF); MRSA T. 24-A §1401, sub-§2 (RP).] SECTION HISTORY PL 1997, c. 457, §23 (NEW). PL 1997, c. 457, §55 (AFF). PL 2001, c. 259, §2 (AMD).
24-A ME Rev Stat § 1411 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 16: PRODUCERS, ADJUSTERS AND CONSULTANTS|Subchapter 2: GENERAL LICENSING REQUIREMENTS FOR PRODUCERS, ADJUSTERS, CONSULTANTS AND BUSINESS ENTITIES|24-A §1411. License required

 §1411. License required 1.  Producer.  A person may not act as or purport to be an insurance producer or limited insurance producer or engage in producer activities with respect to insurance risks resident, located or to be performed in this State or elsewhere for any kind or kinds of insurance unless licensed for such a kind or kinds in accordance with subchapter II‑A.   [PL 2001, c. 259, §12 (AMD).] 2.  Consultant; adjuster.  A person may not act as or purport to be a consultant with respect to insurance risks resident, located or to be performed in this State or elsewhere unless licensed as a consultant under this chapter. A person may not act as or purport to be an adjuster unless licensed as an adjuster under this chapter, except as provided in section 1475.   [PL 1997, c. 457, §23 (NEW); PL 1997, c. 457, §55 (AFF).] 3.  Insurance business.  A person may not for a fee or commission engage in the business of offering any advice, counsel, opinion or similar service with respect to the benefits, advantages or disadvantages under any policy of insurance that is issued in this State unless that person is:   A. Engaged or employed as an attorney licensed in this State to practice law;   [PL 1997, c. 457, §23 (NEW); PL 1997, c. 457, §55 (AFF).]B. A licensed insurance producer offering advice concerning a kind of insurance for which the insurance producer is licensed to transact business and does not receive a separate fee for rendering such advice other than commissions or fees for the sale of an insurance or annuity policy, except that this paragraph does not apply to a licensed insurance producer who is also authorized to act as or on behalf of an investment advisor pursuant to section 1402, subsection 4, paragraph D, subparagraph (6);   [PL 1999, c. 225, §3 (AMD).]C. An actuary or a certified public accountant engaged or employed in a consulting capacity, performing duties incidental to that position;   [PL 1997, c. 457, §23 (NEW); PL 1997, c. 457, §55 (AFF).]D. A licensed adjuster acting within the scope of the license; or   [PL 1997, c. 457, §23 (NEW); PL 1997, c. 457, §55 (AFF).]E. A licensed insurance consultant acting within the scope of the license.   [PL 1997, c. 457, §23 (NEW); PL 1997, c. 457, §55 (AFF).][PL 1999, c. 225, §3 (AMD).] 4.  Liability.  A licensee is personally liable under any insurance contract made by or through the licensee that is outside the scope of the license authority. An insurance contract issued on an application solicited, received or forwarded by an unlicensed person and otherwise valid is not thereby rendered invalid.   [PL 1997, c. 457, §23 (NEW); PL 1997, c. 457, §55 (AFF).] SECTION HISTORY PL 1997, c. 457, §23 (NEW). PL 1997, c. 457, §55 (AFF). PL 1999, c. 225, §3 (AMD). PL 2001, c. 259, §12 (AMD).
24-A ME Rev Stat § 1412 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 16: PRODUCERS, ADJUSTERS AND CONSULTANTS|Subchapter 2: GENERAL LICENSING REQUIREMENTS FOR PRODUCERS, ADJUSTERS, CONSULTANTS AND BUSINESS ENTITIES|24-A §1412. Prohibited activities

 §1412. Prohibited activities 1.  License revocation.  A person whose license as an insurance producer, consultant or adjuster has been revoked, suspended, denied for cause or voluntarily surrendered to avoid prosecution in this State may not participate in any manner in the conduct of an insurance business entity, whether an agency or insurance brokerage or consulting or adjusting business.   [PL 2001, c. 259, §13 (AMD).] 2.  Compensation.  A person whose license as an insurance producer, consultant or adjuster has been revoked, suspended, denied for cause or voluntarily surrendered to avoid prosecution may not derive any compensation, by whatever name called, based on the operation of the insurance business entity in which the person was engaged or employed prior to the revocation, suspension, denial or surrender of license. This subsection does not prohibit a person from receiving compensation for activities that the person engaged in prior to any loss of license referred to in this section, nor does it prohibit any person from divesting an interest in an insurance company or agency for value.   [PL 2001, c. 259, §13 (AMD).] 3.  Relicensure.  Nothing in this section prohibits any rights a person may have to seek relicensure under section 1418.   [PL 1997, c. 457, §23 (NEW); PL 1997, c. 457, §55 (AFF).] 4.  Violations.  Any person violating this section is guilty of a Class E crime and may be punished upon conviction, by a fine of not less than $100 nor more than $1,000, or by imprisonment for not more than 6 months, or by both.   [PL 1997, c. 457, §23 (NEW); PL 1997, c. 457, §55 (AFF).] SECTION HISTORY PL 1997, c. 457, §23 (NEW). PL 1997, c. 457, §55 (AFF). PL 2001, c. 259, §13 (AMD).
24-A ME Rev Stat § 1414 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 16: PRODUCERS, ADJUSTERS AND CONSULTANTS|Subchapter 2: GENERAL LICENSING REQUIREMENTS FOR PRODUCERS, ADJUSTERS, CONSULTANTS AND BUSINESS ENTITIES|24-A §1414. Trade names

 §1414. Trade names A licensee doing business under any name other than the licensee's legal name is required to notify the superintendent prior to using the trade name.   [PL 2001, c. 259, §15 (RPR).]SECTION HISTORY PL 1997, c. 457, §23 (NEW). PL 1997, c. 457, §55 (AFF). PL 2001, c. 259, §15 (RPR).
24-A ME Rev Stat § 1415 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 16: PRODUCERS, ADJUSTERS AND CONSULTANTS|Subchapter 2: GENERAL LICENSING REQUIREMENTS FOR PRODUCERS, ADJUSTERS, CONSULTANTS AND BUSINESS ENTITIES|24-A §1415. License authorities

 §1415. License authorities 1.  Producer authorities.  An individual resident or nonresident insurance producer may receive any of the full license authorities pursuant to section 1420‑F, subsection 1, paragraphs A to F and surplus lines authority in accordance with chapter 19.   A. [PL 2001, c. 259, §16 (RP).] B. [PL 2001, c. 259, §16 (RP).] C. [PL 2001, c. 259, §16 (RP).] D. [PL 2001, c. 259, §16 (RP).] E. [PL 2001, c. 259, §16 (RP).] [PL 2011, c. 238, Pt. H, §4 (AMD).] 2.  Consultant categories.  A resident or nonresident consultant may receive the following authorities under the license:   A. Property and casualty; or   [PL 1997, c. 457, §23 (NEW); PL 1997, c. 457, §55 (AFF).]B. Life and health.   [PL 1997, c. 457, §23 (NEW); PL 1997, c. 457, §55 (AFF).][PL 1997, c. 457, §23 (NEW); PL 1997, c. 457, §55 (AFF).] 3.  Adjuster authorities.  A resident or nonresident adjuster may receive the following authorities under the license:   A. Property and casualty insurance adjuster;   [PL 2017, c. 152, §4 (AMD); PL 2017, c. 152, §5 (AFF).]B. Multiple peril crop insurance adjuster; and   [PL 2017, c. 152, §4 (AMD); PL 2017, c. 152, §5 (AFF).]C. Workers' compensation insurance adjuster.   [PL 2017, c. 152, §4 (NEW); PL 2017, c. 152, §5 (AFF).][PL 2017, c. 152, §4 (AMD); PL 2017, c. 152, §5 (AFF).] SECTION HISTORY PL 1997, c. 457, §23 (NEW). PL 1997, c. 457, §55 (AFF). PL 1997, c. 592, §21 (AMD). PL 2001, c. 259, §16 (AMD). PL 2009, c. 511, Pt. C, §5 (AMD). PL 2011, c. 238, Pt. H, §4 (AMD). PL 2017, c. 152, §4 (AMD). PL 2017, c. 152, §5 (AFF).
24-A ME Rev Stat § 1416 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 16: PRODUCERS, ADJUSTERS AND CONSULTANTS|Subchapter 2: GENERAL LICENSING REQUIREMENTS FOR PRODUCERS, ADJUSTERS, CONSULTANTS AND BUSINESS ENTITIES|24-A §1416. Limited insurance licenses

 §1416. Limited insurance licenses 1.  Limited license.  The superintendent may issue to an applicant qualified under this chapter a limited insurance producer license, in the areas of authority listed as such in section 1420‑F.   [PL 2001, c. 259, §17 (AMD).] 2.  Fee.  The fee for a limited insurance producer license is specified in section 601.   [PL 1997, c. 457, §23 (NEW); PL 1997, c. 457, §55 (AFF).] SECTION HISTORY PL 1997, c. 457, §23 (NEW). PL 1997, c. 457, §55 (AFF). PL 2001, c. 259, §17 (AMD).
24-A ME Rev Stat § 1416-A (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 16: PRODUCERS, ADJUSTERS AND CONSULTANTS|Subchapter 2: GENERAL LICENSING REQUIREMENTS FOR PRODUCERS, ADJUSTERS, CONSULTANTS AND BUSINESS ENTITIES|24-A §1416-A. License continuation or termination

 §1416-A. License continuation or termination 1.  License for indefinite term.  Each license issued under this chapter continues in force continuously, unless suspended, revoked or otherwise terminated by the superintendent, as long as any applicable fee set forth in section 601 is paid and education requirements for resident licensees are met by the due date.   [PL 2001, c. 259, §18 (NEW).] 2.  Biennial license continuation fees.  Each nonresident adjuster and consultant must be billed by the superintendent a biennial fee as provided in section 601 and shall pay the fee due by January 1st of even-numbered years. Each nonresident business entity must be billed by the superintendent a biennial fee as provided in section 601 and shall pay the fee due by April 1st of odd-numbered years. Each resident adjuster must be billed by the superintendent a biennial fee as provided in section 601 and shall pay the fee due by October 1st of even-numbered years. Each resident consultant must be billed by the superintendent a biennial fee as provided in section 601 and shall pay the fee due by the date the completion of the consultant's biennial education requirements is due in accordance with section 1482. Each resident business entity must be billed by the superintendent a biennial fee as provided in section 601 and shall pay the fee due by December 1st of even-numbered years.   [PL 2015, c. 49, §1 (AMD).] 3.  Suspension or revocation.  Failure to pay the required fees by a licensee within 90 days from the due date results in suspension or revocation of the license pursuant to section 1417, for violating the insurance laws pursuant to section 1420‑K, subsection 1, paragraph B.   [PL 2001, c. 259, §18 (NEW).] SECTION HISTORY PL 2001, c. 259, §18 (NEW). PL 2005, c. 43, §1 (AMD). PL 2015, c. 49, §1 (AMD).
24-A ME Rev Stat § 1417 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 16: PRODUCERS, ADJUSTERS AND CONSULTANTS|Subchapter 2: GENERAL LICENSING REQUIREMENTS FOR PRODUCERS, ADJUSTERS, CONSULTANTS AND BUSINESS ENTITIES|24-A §1417. Suspension; revocation; cancellation; refusal of license

 §1417. Suspension; revocation; cancellation; refusal of license 1.  Suspension, revocation, probation, denial.  Notwithstanding Title 5, chapter 375, subchapter VI, the superintendent may, after notice and opportunity for hearing, deny, revoke, suspend, place on probation or limit the permissible activities under any license issued under this chapter, including business entity licenses, or any surplus lines broker license if the superintendent finds that, as to the applicant or licensee, any of the causes exist that are listed in section 1420-K, and that for purposes of this section apply to adjusters and consultants as well as producers.   A. [PL 2001, c. 259, §19 (RP).] B. [PL 2001, c. 259, §19 (RP).] C. [PL 2001, c. 259, §19 (RP).] D. [PL 2001, c. 259, §19 (RP).] E. [PL 2001, c. 259, §19 (RP).] F. [PL 2001, c. 259, §19 (RP).] G. [PL 2001, c. 259, §19 (RP).] H. [PL 2001, c. 259, §19 (RP).] [PL 2001, c. 259, §19 (AMD).] 1-A.  Nonresident licensing, loss of home state authority.  The superintendent may verify the home state license status of any nonresident licensee through the producer database maintained by the National Association of Insurance Commissioners, its affiliates or subsidiaries or any successor, or by contacting the licensee's home state regulator. If a nonresident licensee's license or authority in the licensee's home state is no longer active, whether as a result of suspension, revocation, termination, lapse, voluntary surrender or other action by the home state regulator, the superintendent may cancel the nonresident licensee's license or authority granted pursuant to section 1420‑G, section 1427‑A, subsection 1 or section 1477 30 days after the final action taken with respect to the home state license.   [PL 2019, c. 382, §2 (NEW).] 2.  Agency suspension.   [PL 2001, c. 259, §20 (RP).] 3.  Voluntary surrender.  The superintendent may, after notice and opportunity for a hearing under this section, deem the license suspended or revoked of a previously licensed person who voluntarily surrendered an insurance license.   [PL 1997, c. 457, §23 (NEW); PL 1997, c. 457, §55 (AFF).] 4.  Exceptional circumstances.   [PL 2001, c. 259, §21 (RP).] SECTION HISTORY PL 1997, c. 457, §23 (NEW). PL 1997, c. 457, §55 (AFF). PL 1997, c. 592, §§22,23 (AMD). PL 2001, c. 259, §§19-21 (AMD). PL 2019, c. 382, §2 (AMD).
24-A ME Rev Stat § 1418 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 16: PRODUCERS, ADJUSTERS AND CONSULTANTS|Subchapter 2: GENERAL LICENSING REQUIREMENTS FOR PRODUCERS, ADJUSTERS, CONSULTANTS AND BUSINESS ENTITIES|24-A §1418. Relicensing after revocation; refusal of license

 §1418. Relicensing after revocation; refusal of license 1.  Relicensing.  The superintendent may not issue a license under this Title to a person whose license has been revoked until at least one year has expired from the effective date of that revocation. If the licensee pursues an appeal from the superintendent's decision, the superintendent may not consider issuance of a new license until at least one year from the date of a final court order affirming that revocation. The license applicant shall reestablish qualification for the license in accordance with the applicable provisions of this Title. The superintendent may refuse any such new license applications unless the applicant shows good cause why the prior revocation should not be deemed a bar to the issuance of a new license.   [PL 1997, c. 457, §23 (NEW); PL 1997, c. 457, §55 (AFF).] 2.  Ineligibility for relicensing.  A person whose license has been revoked twice pursuant to section 1417 or section 1420‑K may not again be eligible for any license under this Title.   [PL 2001, c. 259, §22 (AMD).] 3.  Business entity relicensing.  If the license of a business entity is suspended or revoked pursuant to section 1417 or section 1420‑K, an officer, director or member of that entity may not be licensed as an insurance producer, adjuster or consultant during the period of that suspension or revocation unless the superintendent determines that member, officer or director was not personally at fault and did not acquiesce in the matter for which the license was suspended or revoked.   [PL 2001, c. 259, §22 (AMD).] SECTION HISTORY PL 1997, c. 457, §23 (NEW). PL 1997, c. 457, §55 (AFF). PL 2001, c. 259, §22 (AMD).
24-A ME Rev Stat § 1419 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 16: PRODUCERS, ADJUSTERS AND CONSULTANTS|Subchapter 2: GENERAL LICENSING REQUIREMENTS FOR PRODUCERS, ADJUSTERS, CONSULTANTS AND BUSINESS ENTITIES|24-A §1419. Duty to notify of changes; payment of late fee

 §1419. Duty to notify of changes; payment of late fee Unless a different time is set by another provision of law, any change of address, telephone number, e-mail address, name or other material change in the conditions or qualifications set forth in the original application of a licensee must be reported to the superintendent no later than 30 days after the change. This requirement includes any conviction of a crime other than a traffic violation or any disciplinary action brought by an insurance regulatory official of any other jurisdiction against the licensee or against any officer, director, member or partner in a business entity. A licensee shall report to the superintendent any administrative action taken against the licensee in another jurisdiction or by another governmental agency in this State within 30 days of the final disposition of the matter. This report must include a copy of the order, consent to order or other relevant legal documents. Within 30 days of the initial pretrial hearing date, a licensee shall report to the superintendent any criminal prosecution of the licensee taken in any jurisdiction. The report must include a copy of the initial complaint filed, the order resulting from the hearing and any other relevant legal documents. If any notice required under this section is received after the prescribed time period, the licensee shall pay the late fee for filing as prescribed in section 601.   [PL 2015, c. 49, §2 (AMD).]SECTION HISTORY PL 1997, c. 457, §23 (NEW). PL 1997, c. 457, §55 (AFF). PL 1997, c. 592, §24 (AMD). PL 2001, c. 259, §23 (AMD). PL 2015, c. 49, §2 (AMD).
24-A ME Rev Stat § 1420 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 16: PRODUCERS, ADJUSTERS AND CONSULTANTS|Subchapter 2-A: MAINE PRODUCER LICENSING ACT|24-A §1420. Short title; scope and application

 §1420. Short title; scope and application 1.  Short title.  This subchapter may be known and cited as the "Maine Producer Licensing Act."   [PL 2001, c. 259, §24 (NEW).] 2.  Scope and application.  This subchapter governs the qualifications and procedures for the licensing of insurance producers. It simplifies and organizes some statutory language to improve efficiency, permits the use of new technology and reduces costs associated with issuing and renewing insurance licenses. This subchapter does not apply to excess and surplus lines agents and brokers required to be licensed as producers with surplus lines authority pursuant to chapter 19, except as provided in sections 1420-G and 1420-O.   [PL 2001, c. 259, §24 (NEW).] SECTION HISTORY PL 2001, c. 259, §24 (NEW).
24-A ME Rev Stat § 1420-B (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 16: PRODUCERS, ADJUSTERS AND CONSULTANTS|Subchapter 2-A: MAINE PRODUCER LICENSING ACT|24-A §1420-B. License required

 §1420-B. License required A person may not sell, solicit or negotiate insurance in this State for any class or classes of insurance unless the person is licensed for that line of authority in accordance with this subchapter.   [PL 2001, c. 259, §24 (NEW).]SECTION HISTORY PL 2001, c. 259, §24 (NEW).
24-A ME Rev Stat § 1420-D (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 16: PRODUCERS, ADJUSTERS AND CONSULTANTS|Subchapter 2-A: MAINE PRODUCER LICENSING ACT|24-A §1420-D. Application for examination

 §1420-D. Application for examination 1.  Written examination.  A resident individual applying for an insurance producer license must pass a written examination unless exempt pursuant to section 1420‑H. The examination must test the knowledge of the individual concerning the lines of authority applied for, the duties and responsibilities of an insurance producer and the insurance laws and regulations of this State. The superintendent may adopt rules regarding the development and administration of examinations required by this section. Rules adopted pursuant to this section are routine technical rules as defined in Title 5, chapter 375, subchapter II-A.   [PL 2001, c. 259, §24 (NEW).] 2.  Outside testing service.  The superintendent may make arrangements, including contracting with an outside testing service, for administering examinations and collecting any applicable fee set forth in section 601.   [PL 2001, c. 259, §24 (NEW).] 3.  Fees.  Each individual applying for an examination shall remit any applicable fee as prescribed by the superintendent as set forth in section 601.   [PL 2001, c. 259, §24 (NEW).] 4.  Rescheduling.  An individual who fails to appear for the examination as scheduled or fails to pass the examination may reapply for an examination and must remit all required fees and forms before being rescheduled for another examination.   [PL 2001, c. 259, §24 (NEW).] SECTION HISTORY PL 2001, c. 259, §24 (NEW).