reglab/housing_qa huggingface dataset:
24-A ME Rev Stat § 6405 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 77: BUSINESS TRANSACTED WITH PRODUCER-CONTROLLED PROPERTY OR CASUALTY INSURER|24-A §6405. Disclosure

 §6405. Disclosure Before the effective date of any policy placed with a controlled insurer by a controlling producer or a controlling producer's subproducer, the controlling producer shall deliver written notice to the prospective insured disclosing the relationship between the producer and the controlled insurer, except that if the business is placed through a subproducer who is not a controlling producer, the controlling producer shall retain and enforce a signed commitment from the subproducer that the subproducer is aware of the relationship between the insurer and the controlling producer and that the subproducer has notified or will notify the insured.   [PL 2017, c. 169, Pt. E, §10 (AMD).]SECTION HISTORY RR 1991, c. 2, §94 (COR). PL 1991, c. 828, §33 (NEW). PL 2017, c. 169, Pt. E, §10 (AMD).
24-A ME Rev Stat § 6406 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 77: BUSINESS TRANSACTED WITH PRODUCER-CONTROLLED PROPERTY OR CASUALTY INSURER|24-A §6406. Penalties

 §6406. Penalties 1.  Civil action by superintendent.  If the superintendent has good cause to believe that a controlled insurer or any policyholder of the controlled insurer has suffered any loss or damage resulting from a violation of this chapter, the superintendent may maintain a civil action or intervene in an action brought by or on behalf of the insurer or policyholder for recovery of compensatory damages or other appropriate relief for the benefit of the insurer or policyholder.   A. [PL 2017, c. 169, Pt. E, §11 (RP).] B. [PL 2017, c. 169, Pt. E, §11 (RP).] [PL 2017, c. 169, Pt. E, §11 (RPR).] 2.  Civil action by receiver.  If an order for liquidation or rehabilitation of a controlled insurer is entered pursuant to chapter 57 and a receiver is appointed, and the receiver has good cause to believe that the controlling producer or any other person has not complied with this chapter or any rule or order made under this chapter and that the insurer suffered any loss or damage because of that noncompliance, the receiver may maintain a civil action for recovery of damages or other appropriate sanctions for the benefit of the insurer.   [PL 2017, c. 169, Pt. E, §12 (AMD).] 3.  Other action.  Nothing contained in this section affects the right of the superintendent to impose any penalties or other remedies authorized under section 12‑A or other applicable law.   [PL 2017, c. 169, Pt. E, §13 (AMD).] 4.  Other parties.  Nothing contained in this section in any manner alters or affects the rights of policyholders, claimants, creditors or other 3rd parties.   [PL 1991, c. 828, §33 (NEW).] SECTION HISTORY PL 1991, c. 828, §33 (NEW). PL 2017, c. 169, Pt. E, §§11-13 (AMD).
24-A ME Rev Stat § 6407 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 77: BUSINESS TRANSACTED WITH PRODUCER-CONTROLLED PROPERTY OR CASUALTY INSURER|24-A §6407. Effective date (REPEALED)

 §6407. Effective date (REPEALED)SECTION HISTORY PL 1991, c. 828, §33 (NEW). PL 2017, c. 169, Pt. E, §14 (RP).
24-A ME Rev Stat § 6451-A (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 79: RISK-BASED CAPITAL STANDARDS|24-A §6451-A. Applicability to other regulated entities

 §6451-A. Applicability to other regulated entities This chapter applies to fraternal benefit societies authorized to do business in this State pursuant to section 4124, to health maintenance organizations authorized to do business in this State pursuant to section 4204 and to nonprofit hospital or medical service organizations authorized to do business in this State pursuant to Title 24, section 2305.   [PL 2009, c. 511, Pt. E, §1 (RPR).]1.  Fraternal benefit societies providing life or annuity benefits.  Fraternal benefit societies providing life or annuity benefits are subject to the provisions of this chapter applicable to life or health insurers.   [PL 2009, c. 511, Pt. E, §1 (NEW).] 2.  Fraternal benefit societies providing health benefits.  Fraternal benefit societies providing health benefits are considered health organizations for purposes of this chapter.   [PL 2009, c. 511, Pt. E, §1 (NEW).] 3.  Other licensees.  Health maintenance organizations and nonprofit hospital or medical service organizations are considered health organizations for purposes of this chapter.   [PL 2009, c. 511, Pt. E, §1 (NEW).] 3-A.  Qualified nonprofit health insurance issuers.  Qualified nonprofit health insurance issuers as defined in Section 1322 of the federal Affordable Care Act are considered health organizations for purposes of this chapter.   [PL 2011, c. 364, §35 (NEW).] 4.  Provisions applicable to health organizations.  Except as otherwise expressly provided in this chapter, health organizations are subject to the provisions of this chapter applicable to property and casualty insurers.   [PL 2009, c. 511, Pt. E, §1 (NEW).] SECTION HISTORY PL 1999, c. 113, §24 (NEW). PL 2009, c. 511, Pt. E, §1 (RPR). PL 2011, c. 364, §35 (AMD).
24-A ME Rev Stat § 6455 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 79: RISK-BASED CAPITAL STANDARDS|24-A §6455. Authorized control level event

 §6455. Authorized control level event 1.  Authorized control level event; defined.  "Authorized control level event" means any of the following events:   A. The filing of a risk-based capital report by the insurer that indicates that the insurer's total adjusted capital is greater than or equal to its mandatory control level risk-based capital but less than its authorized control level risk-based capital;   [PL 1993, c. 634, Pt. A, §1 (NEW).]B. Provided the insurer does not challenge the adjusted risk-based capital report under section 6457, the notification by the superintendent to the insurer of an adjusted risk-based capital report that indicates the event in paragraph A;   [PL 1993, c. 634, Pt. A, §1 (NEW).]C. If the insurer, under section 6457, challenges an adjusted risk-based capital report that indicates the event in paragraph A, the notification by the superintendent to the insurer that the superintendent has, after a hearing, rejected the insurer's challenge;   [PL 1993, c. 634, Pt. A, §1 (NEW).]D. Provided the insurer has not challenged the corrective order under section 6457, the failure of the insurer to respond, in a manner satisfactory to the superintendent, to a corrective order; or   [PL 1993, c. 634, Pt. A, §1 (NEW).]E. If the insurer has challenged a corrective order under section 6457 and the superintendent has, after a hearing, rejected the challenge or modified the corrective order, the failure of the insurer to respond, in a manner satisfactory to the superintendent, to the corrective order subsequent to rejection or modification by the superintendent.   [PL 1993, c. 634, Pt. A, §1 (NEW).][PL 1993, c. 634, Pt. A, §1 (NEW).] 2.  Superintendent duties; authorized control level event.  When an authorized control level event occurs, the superintendent shall:   A. Take those actions that are required under section 6454 regarding an insurer with respect to which a regulatory action level event has occurred; or   [PL 1993, c. 634, Pt. A, §1 (NEW).]B. If the superintendent considers it to be in the best interests of the policyholders and creditors of the insurer and of the public, take those actions that are necessary to cause the insurer to be placed under regulatory control under chapter 57. If the commissioner takes those actions, the authorized control level event is deemed sufficient grounds for the superintendent to take action under chapter 57, and the superintendent has the rights, powers and duties with respect to the insurer as are set forth in chapter 57. If the superintendent takes actions under this paragraph pursuant to an adjusted risk-based capital report, the insurer is entitled to those protections that are afforded to insurers under the provisions of chapter 57, subchapter II pertaining to summary proceedings.   [PL 1993, c. 634, Pt. A, §1 (NEW).][PL 1993, c. 634, Pt. A, §1 (NEW).] SECTION HISTORY PL 1993, c. 634, §A1 (NEW).
24-A ME Rev Stat § 6456 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 79: RISK-BASED CAPITAL STANDARDS|24-A §6456. Mandatory control level event

 §6456. Mandatory control level event 1.  Mandatory control level event; defined.  "Mandatory control level event" means any of the following events:   A. The filing of a risk-based capital report that indicates that the insurer's total adjusted capital is less than its mandatory control level risk-based capital;   [PL 1993, c. 634, Pt. A, §1 (NEW).]B. Provided the insurer does not challenge the adjusted risk-based capital report under section 6457, the notification by the superintendent to the insurer of an adjusted risk-based capital report that indicates the event in paragraph A; or   [PL 1993, c. 634, Pt. A, §1 (NEW).]C. If the insurer, under section 6457, challenges an adjusted risk-based capital report that indicates the event in paragraph A, the notification by the superintendent to the insurer that the superintendent has, after a hearing, rejected the insurer's challenge.   [PL 1993, c. 634, Pt. A, §1 (NEW).][PL 1993, c. 634, Pt. A, §1 (NEW).] 2.  Superintendent duties; mandatory control level event.  When a mandatory control level event occurs, the superintendent shall take those actions that are necessary to cause the insurer to be placed under regulatory control under chapter 57 or take alternative action as authorized under paragraphs A and B. If the superintendent takes those actions, the mandatory control level event is deemed sufficient grounds for the superintendent to take action under chapter 57, and the superintendent has the rights, powers and duties with respect to the insurer as are set forth in chapter 57. If the superintendent takes actions pursuant to an adjusted risk-based capital report, the insurer is entitled to those protections that are afforded to insurers under the provisions of chapter 57, subchapter 2 pertaining to summary proceedings.   A. The superintendent may forgo action for up to 90 days after the mandatory control level event if the superintendent finds there is a reasonable expectation that the mandatory control level event may be eliminated within the 90-day period.   [PL 2017, c. 169, Pt. F, §1 (NEW).]B. In the case of a property and casualty insurer that is not authorized to write new business, the superintendent may allow the insurer to continue to run off its existing business under the superintendent's supervision if the superintendent determines that there will be sufficient funds to meet the insurer's obligations as they become due. This paragraph does not apply to health insurers.   [PL 2017, c. 169, Pt. F, §1 (NEW).][PL 2017, c. 169, Pt. F, §1 (RPR).] SECTION HISTORY PL 1993, c. 634, §A1 (NEW). PL 1997, c. 81, §8 (AMD). PL 2017, c. 169, Pt. F, §1 (AMD).
24-A ME Rev Stat § 6457 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 79: RISK-BASED CAPITAL STANDARDS|24-A §6457. Hearings

 §6457. Hearings 1.  Right to hearing.  An insurer has the right to a departmental hearing, on record, at which the insurer may challenge any determination or action by the superintendent upon:   A. Notification to an insurer by the superintendent of an adjusted risk-based capital report;   [PL 1993, c. 634, Pt. A, §1 (NEW).]B. Notification to an insurer by the superintendent that:   (1) The insurer's risk-based capital plan or revised risk-based capital plan is unsatisfactory; and   (2) That notification constitutes a regulatory action level event with respect to the insurer;   [PL 1993, c. 634, Pt. A, §1 (NEW).]C. Notification to any insurer by the superintendent that the insurer has failed to adhere to its risk-based capital plan or revised risk-based capital plan and that such failure has a substantial adverse effect on the ability of the insurer to eliminate the company action level event with respect to the insurer in accordance with its risk-based capital plan or revised risk-based capital plan; or   [PL 1993, c. 634, Pt. A, §1 (NEW).]D. Notification to an insurer by the superintendent of a corrective order with respect to the insurer.   [PL 1993, c. 634, Pt. A, §1 (NEW).]The insurer must notify the superintendent of its request for a hearing within 5 days after the notification by the superintendent under paragraph A, B, C or D. Upon receipt of the insurer's request for a hearing, the superintendent shall set a date for the hearing, which may not be less than 10 or more than 30 days after the date of the insurer's request.   [PL 1993, c. 634, Pt. A, §1 (NEW).] SECTION HISTORY PL 1993, c. 634, §A1 (NEW).
24-A ME Rev Stat § 6459 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 79: RISK-BASED CAPITAL STANDARDS|24-A §6459. Supplemental provisions

 §6459. Supplemental provisions 1.  Existing authority supplemented.  The provisions of this chapter are supplemental to any other provisions of the laws of this State and do not preclude or limit any other powers or duties of the superintendent under those laws, including, but not limited to, sections 417, 3423 and 3424 and chapter 57.   [PL 1997, c. 81, §9 (NEW).] 2.  Rules.  The superintendent may adopt rules to carry out the purposes of this chapter. Rules adopted pursuant to this chapter are routine technical rules as defined in Title 5, chapter 375, subchapter II-A.   [PL 1997, c. 81, §9 (NEW).] 3.  Exemptions.  The superintendent may exempt from the application of this chapter any domestic property and casualty insurer that:   A. Writes business only in the State;   [PL 1997, c. 81, §9 (NEW).]B. Writes direct annual premium of $2,000,000 or less; and   [PL 1997, c. 81, §9 (NEW).]C. Assumes no reinsurance in excess of 5% of direct premium written.   [PL 1997, c. 81, §9 (NEW).][PL 1997, c. 81, §9 (NEW).] SECTION HISTORY PL 1993, c. 634, §A1 (NEW). PL 1997, c. 81, §9 (RPR).
24-A ME Rev Stat § 6460 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 79: RISK-BASED CAPITAL STANDARDS|24-A §6460. Foreign insurers

 §6460. Foreign insurers 1.  Submission of risk-based capital report.  Upon the written request of the superintendent, a foreign insurer shall submit to the superintendent a risk-based capital report as of the end of the previous calendar year by the later of:   A. The date a risk-based capital report would be required to be filed by a domestic insurer under this chapter; or   [PL 1993, c. 634, Pt. A, §1 (NEW).]B. Fifteen days after the request is received by the foreign insurer.   [PL 1993, c. 634, Pt. A, §1 (NEW).]At the written request of the superintendent, a foreign insurer shall promptly submit to the superintendent a copy of any risk-based capital plan that is filed with the insurance superintendent of any other state.   [PL 1993, c. 634, Pt. A, §1 (NEW).] 2.  Risk-based capital plan.  When a company action level event, regulatory action level event or authorized control level event with respect to a foreign insurer occurs, as determined under laws governing risk-based capital applicable in the state of domicile of the insurer, or, if no such risk-based capital provision is in force in that state, under the provisions of this chapter, if the insurance superintendent of the state of domicile of the foreign insurer fails to require the foreign insurer to file a risk-based capital plan in the manner specified under the laws governing risk-based capital in that state, or, if no such risk-based capital provision is in force in that state, under this chapter, the superintendent may require the foreign insurer to file a risk-based capital plan with the superintendent. In this event, the failure of the foreign insurer to file a risk-based capital plan with the superintendent is grounds to order the insurer to desist from writing new insurance business in this State.   [PL 2017, c. 169, Pt. F, §4 (AMD).] 3.  Mandatory control level event.  When a mandatory control level event with respect to any foreign insurer occurs, if a domiciliary receiver has not been appointed with respect to the foreign insurer under the rehabilitation and liquidation statute applicable in the state of domicile of the foreign insurer, the superintendent may make application to the Superior Court under chapter 57 with respect to the liquidation of property of foreign insurers in this State, and the occurrence of the mandatory control level event is considered adequate grounds for the application.   [PL 1993, c. 634, Pt. A, §1 (NEW).] SECTION HISTORY PL 1993, c. 634, §A1 (NEW). PL 2017, c. 169, Pt. F, §4 (AMD).
24-A ME Rev Stat § 6461 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 79: RISK-BASED CAPITAL STANDARDS|24-A §6461. Notices

 §6461. Notices A notice by the superintendent to an insurer that may result in regulatory action under this chapter is effective upon dispatch if transmitted by registered or certified mail or, in the case of any other transmission, is effective upon the insurer's receipt of the notice.   [PL 1993, c. 634, Pt. A, §1 (NEW).]SECTION HISTORY PL 1993, c. 634, §A1 (NEW).
24-A ME Rev Stat § 6602 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 81: MULTIPLE-EMPLOYER WELFARE ARRANGEMENTS|24-A §6602. Scope

 §6602. Scope 1.  Multiple-employer welfare arrangement; approval required.  A person may not commence operations after January 1, 1995 of a multiple-employer welfare arrangement unless that arrangement is approved by the superintendent. A person may not operate after January 1, 1995 a multiple-employer welfare arrangement in existence before January 1, 1995 unless that arrangement has been submitted for approval in compliance with this chapter.   [PL 1993, c. 688, §1 (NEW).] 2.  Insurer authorized to transact health insurance.  This chapter does not apply to a multiple-employer welfare arrangement that offers or provides benefits that are fully insured by an insurer authorized to transact health insurance in the State.   [PL 1993, c. 688, §1 (NEW).] 3.  Application.   Section 6608 does not apply to a multiple-employer welfare arrangement that:   A. Meets the general eligibility requirements of section 6603, subsection 1;   [PL 1993, c. 688, §1 (NEW).]B. Is administered primarily from a principal place of business located within the State; and   [PL 1993, c. 688, §1 (NEW).]C. Has provided employee health benefits for a continuous period since on or before January 1, 1984.   [PL 1993, c. 688, §1 (NEW).][PL 1993, c. 688, §1 (NEW).] 4.  Application for approval; filing required.  If a multiple-employer welfare arrangement does not satisfy the requirements of subsection 3, the arrangement shall file with the superintendent within 60 days of the effective date of this subsection a complete application for authorization under section 6604.   [PL 1993, c. 688, §1 (NEW).] SECTION HISTORY PL 1993, c. 688, §1 (NEW).
24-A ME Rev Stat § 6604 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 81: MULTIPLE-EMPLOYER WELFARE ARRANGEMENTS|24-A §6604. Filing requirements

 §6604. Filing requirements The sponsoring association shall file with the superintendent an application for authorization of the arrangement upon a form to be furnished by the superintendent. The application must include or have attached the following:   [PL 1993, c. 688, §1 (NEW).]1.  Constitution or bylaws.  A copy of the constitution or bylaws of the association;   [PL 1993, c. 688, §1 (NEW).] 2.  Identification of trustees.  The names and addresses of the trustees of the arrangement;   [PL 1993, c. 688, §1 (NEW).] 3.  Document governing operation.  A copy of the declaration of trust, trust agreement and any other documents that govern the operation of the arrangement;   [PL 1993, c. 688, §1 (NEW).] 4.  Evidence of benefits provided.  A copy of the employer participation agreement and the certificate, summary plan description or other evidence of the benefits and coverage provided to covered employees;   [PL 1993, c. 688, §1 (NEW).] 5.  Proof of deposit or surety bond.  Proof of deposit or a copy of the surety bond required pursuant to section 6607;   [PL 1993, c. 688, §1 (NEW).] 6.  Excess insurance agreement.  A copy of the arrangement's excess insurance agreement;   [PL 1993, c. 688, §1 (NEW).] 7.  Evidence of sound actuarial principles.  Evidence satisfactory to the superintendent showing that the arrangement will be operated in accordance with sound actuarial principles. The superintendent may not approve the arrangement unless the superintendent determines that the plan is designed to provide sufficient revenues to pay current and future liabilities, as determined in accordance with sound actuarial principles;   [PL 1995, c. 618, §8 (AMD).] 8.  Additional information.  Additional information that the superintendent may reasonably require; and   [PL 1995, c. 618, §8 (AMD).] 9.  Filing fee.  The filing fee specified in section 601.   [PL 1995, c. 618, §8 (NEW).] SECTION HISTORY PL 1993, c. 688, §1 (NEW). PL 1995, c. 618, §§8,9 (AMD).
24-A ME Rev Stat § 6605 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 81: MULTIPLE-EMPLOYER WELFARE ARRANGEMENTS|24-A §6605. Fund balance

 §6605. Fund balance Each multiple-employer welfare arrangement shall maintain a positive fund balance.   [PL 1993, c. 688, §1 (NEW).]SECTION HISTORY PL 1993, c. 688, §1 (NEW).
24-A ME Rev Stat § 6606 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 81: MULTIPLE-EMPLOYER WELFARE ARRANGEMENTS|24-A §6606. Deficiency in reserves, assets or reinsurance

 §6606. Deficiency in reserves, assets or reinsurance 1.  Examination of finances.  The superintendent may conduct, upon reasonable notice, an examination to determine the financial condition of an arrangement. For arrangements subject to the requirements of section 6603‑A, the examination must be limited to the work of the certified public accountant conducting the annual audit or submitting the quarterly filings required by that section. For all other arrangements, examiners duly qualified by the superintendent may examine the loss reserves, assets, liabilities, excess insurance and working capital of a multiple-employer welfare arrangement. If the superintendent finds that the reserves, excess insurance or assets may be inadequate, or that the arrangement does not have working capital in an amount establishing the financial strength and liquidity of the arrangement to pay claims promptly and showing evidence of the financial ability of the arrangement to meet its obligations to covered employees, the superintendent shall notify the arrangement of the inadequacy. Upon notification, the arrangement shall file within 30 days with the superintendent its written plan specifying remedial action to be taken and the time for implementation of that plan.   [PL 1995, c. 618, §10 (AMD).] 2.  Correction of deficiency.  If the superintendent determines, after reviewing the information filed, that a hazardous financial condition exists, the arrangement shall implement within 30 days its plan to correct any deficiencies and shall file with the superintendent proof of remedial action taken within 60 days. If the superintendent is satisfied that the plan submitted to improve the inadequate condition of the arrangement is sufficient, the superintendent shall notify the arrangement. The arrangement shall report monthly to the superintendent until any deficiencies and their causes have been corrected.   [PL 1993, c. 688, §1 (NEW).] SECTION HISTORY PL 1993, c. 688, §1 (NEW). PL 1995, c. 618, §10 (AMD).