reglab/housing_qa huggingface dataset:
24-A ME Rev Stat § 404 (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 §404. Certificate of authority required; enforcement; penalty

 §404. Certificate of authority required; enforcement; penalty 1.  No person shall act as an insurer and no insurer shall transact insurance in this State by mail or otherwise, unless as authorized by a certificate of authority issued by the superintendent pursuant to this Title and then in full force and effect, except as to such transactions as are expressly otherwise provided in this Title.   [PL 1973, c. 585, §12 (AMD).] 2.  No insurer formed under the laws of this State, and no foreign insurer from offices or by personnel or facilities located in this State, shall solicit insurance applications or otherwise transact insurance in another state or country unless it holds a subsisting certificate of authority granted to it by the superintendent authorizing it to transact the same kind or kinds of insurance in this State.   [PL 1973, c. 585, §12 (AMD).] 3.  The superintendent shall enforce this section through any and all available and lawful means, including, but not limited to, the enjoining of any violation or threatened violation.   [PL 1973, c. 585, §12 (AMD).] 4.  Any insurer and any officer, director, agent, representative or employee of any insurer, who willfully authorizes, negotiates, makes or issues any insurance contract in violation of this section, is upon conviction thereof subject to a fine not to exceed $5,000 or imprisonment for not over 2 years, or to both.   [RR 2013, c. 2, §36 (COR).] SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD). RR 2013, c. 2, §36 (COR).
24-A ME Rev Stat § 405 (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 §405. Exceptions to certificate of authority requirement

 §405. Exceptions to certificate of authority requirement A certificate of authority shall not be required of an insurer with respect to any of the following:   [PL 1969, c. 132, §1 (NEW).]1.  Investigation, settlement or litigation of claims under its policies lawfully written in this State, or liquidation of assets and liabilities of the insurer, other than collection of new premiums, all as resulting from its former authorized operations in this State;   [PL 1969, c. 132, §1 (NEW).] 2.  Except as provided in section 404, subsection 2, transactions thereunder subsequent to issuance of a policy covering only subjects of insurance not resident, located or expressly to be performed in this State at time of issuance, and lawfully solicited, written and delivered outside this State;   [PL 1969, c. 132, §1 (NEW).] 3.  Transactions pursuant to surplus lines coverages lawfully written under chapter 19;   [PL 1969, c. 132, §1 (NEW).] 4.  Reinsurance, except as to domestic reinsurers;   [PL 1969, c. 132, §1 (NEW).] 5.  Transactions relative to its investments in this State;   [PL 1969, c. 132, §1 (NEW).] 6.  Any suit or action by the duly constituted receiver, rehabilitator or liquidator of the insurer, or of the insurer's assignee or successor, under laws similar to those contained in chapter 57; or   [PL 2011, c. 90, Pt. C, §1 (AMD).] 7.  Transactions pursuant to individual health insurance covering residents of this State written by a regional insurer or health maintenance organization, as defined in section 405‑A, duly authorized or qualified to transact individual health insurance in the state or country of its domicile if the superintendent certifies that the regional insurer or health maintenance organization meets the requirements of section 405‑A.   [PL 2011, c. 90, Pt. C, §2 (NEW).] SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 2011, c. 90, Pt. C, §§1, 2 (AMD).
24-A ME Rev Stat § 405-C (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 §405-C. Domestic insurers or licensed health maintenance organizations; parity with regional insurers

 §405-C. Domestic insurers or licensed health maintenance organizations; parity with regional insurers Notwithstanding any other provision of this Title, a domestic insurer or licensed health maintenance organization authorized to transact individual health insurance in this State may offer for sale in this State an individual health plan equivalent to any plan offered for sale in this State by a regional insurer or health maintenance organization pursuant to section 405-A. An individual health plan may not be offered for sale pursuant to this section before January 1, 2014.   [PL 2011, c. 90, Pt. C, §5 (NEW).]SECTION HISTORY PL 2011, c. 90, Pt. C, §5 (NEW).
24-A ME Rev Stat § 406 (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 §406. General eligibility for certificate of authority

 §406. General eligibility for certificate of authority To qualify for and hold authority to transact insurance in this State, an insurer must be otherwise in compliance with this Title and with its charter powers, and must be an incorporated stock or mutual insurer, or a reciprocal or Lloyd's insurer; of the same general type as may be formed as a domestic insurer under this Title; except that:   [PL 1969, c. 132, §1 (NEW).]1.  No foreign insurer shall be authorized to transact insurance in this State unless as to insurance written in this State it maintains reserve as required by chapter 11 (assets and liabilities); or which, if other than a property or casualty insurer, transacts business anywhere in the United States on the assessment plan, or stipulated premium plan, or any similar plan;   [PL 1969, c. 132, §1 (NEW).] 2.  No insurer shall be authorized to transact a kind of insurance in this State unless duly authorized or qualified to transact such insurance in the state or country of its domicile;   [PL 1969, c. 132, §1 (NEW).] 3.  No insurer shall be authorized to transact in this State any kind of insurance which is not within the definitions as set forth in chapter 9 (kinds of insurance);   [PL 1969, c. 132, §1 (NEW).] 4.  No such authority shall be granted or continued as to any insurer while in arrears to the State for fees, licenses, taxes, assessments, fines or penalties accrued on business previously transacted in this State;   [PL 1969, c. 132, §1 (NEW).] 5.  A Lloyd's insurer shall be treated as a stock insurer for the purposes of this Title, with net assets over all liabilities to be not less than the capital funds required of a foreign stock insurer transacting the same kinds of insurance.   [PL 1969, c. 132, §1 (NEW).] SECTION HISTORY PL 1969, c. 132, §1 (NEW).
24-A ME Rev Stat § 407 (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 §407. Same; ownership, management

 §407. Same; ownership, management 1.  No foreign insurer which is directly or indirectly owned or controlled in whole or substantial part by any government or governmental agency, other than of the Government of the United States of America, shall be authorized to transact insurance in Maine. Membership in a mutual insurer, or subscribership in a reciprocal insurer, or ownership of stock of an insurer by the alien property custodian or similar official of the United States, or ownership of stock or other security which does not have voting rights with respect to the management of the insurer, or supervision of an insurer by public authority, shall not be deemed to be an ownership or control of the insurer for the purposes of this provision.   [PL 1969, c. 132, §1 (NEW).] 2.  The superintendent may not grant or continue authority to transact insurance in this State as to any insurer or proposed insurer, any director, officer or other individual materially part of the management of which is found by the superintendent after investigation or upon reliable information to be incompetent, or dishonest, or untrustworthy, or of unfavorable business repute, or the managers of which are so lacking in insurance company managerial experience in operations of the kind proposed in this State as to make such operation, currently or prospectively, hazardous to, or contrary to the best interests of, the insurance-buying or investing public of this State; or which the superintendent has good reason to believe is affiliated directly or indirectly through ownership, control, management, reinsurance transactions or other business relations, with any person or persons of unfavorable business repute, or whose business operations in this State or elsewhere are or have been marked, to the injury of insurers, stockholders, policyholders, creditors or the public, by illegality, or by manipulation of assets, or of accounts, or of reinsurance or by bad faith.   [RR 2021, c. 1, Pt. B, §177 (COR).] SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD). RR 2021, c. 1, Pt. B, §177 (COR).
24-A ME Rev Stat § 408 (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 §408. Name of insurer

 §408. Name of insurer 1.  No insurer shall be formed or authorized to transact insurance in this State which has or uses a name which is the same as or deceptively similar to that of another insurer already so authorized.   [PL 1969, c. 132, §1 (NEW).] 2.  No life insurer shall be so authorized which has or uses a name deceptively similar to that of another insurer, other than a predecessor in interest, authorized to transact insurance in this State within the preceding 10 years, if life insurance policies originally issued by such other insurer are still outstanding in this State.   [PL 1969, c. 132, §1 (NEW).] 3.  No insurer shall be formed or authorized to transact insurance which has or uses a name the same as or deceptively similar to that of any foreign insurer not so authorized if such foreign insurer has within the next preceding 12 months signified its intention to secure an incorporation in this State under such name, or to do business as a foreign insurer in this State under such name, by filing notice of such intention with the superintendent, unless the written consent to the use of such name or deceptively similar name has been given by such foreign insurer.   [PL 1973, c. 585, §12 (AMD).] 4.  No insurer shall be so authorized which has or uses a name which tends to deceive or mislead as to the type of organization of the insurer.   [PL 1969, c. 132, §1 (NEW).] 5.  In case of conflict of names between 2 insurers, or a conflict otherwise prohibited under this section, the superintendent may permit, or shall require as a condition to the issuance of an original certificate of authority to an applicant insurer, the insurer to use in this State such supplementation or modification of its name or such business name as may reasonably be necessary to avoid the conflict.   [PL 1973, c. 585, §12 (AMD).] 6.  Except as provided in subsection 5, an insurer shall conduct its business in this State in its own corporate, if incorporated, or proper, if a reciprocal, name.   [PL 1969, c. 132, §1 (NEW).] SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD).
24-A ME Rev Stat § 409 (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 §409. Insurance lines combinations

 §409. Insurance lines combinations An insurer may be authorized to transact such kinds of insurance as it is qualified for under this Title, except that a reciprocal insurer may not transact life insurance. Qualified insurers may transact combinations of business as follows.   [PL 1991, c. 385, §1 (AMD).]1.  Multiple lines insurer.  A multiple lines insurer is authorized to transact more than one kind of coverage if all kinds of coverage fall within the categories listed in sections 704 to 708.   [PL 1991, c. 385, §1 (NEW).] 2.  All lines insurer.  An all lines insurer is authorized to transact life insurance and one or more of the kinds of coverage, other than health insurance, that may be transacted by a multiple lines insurer.   [PL 1991, c. 385, §1 (NEW).] 3.  Life or health insurer.  A life or health insurer is authorized to transact life insurance, life and annuity insurance or health insurance as defined in sections 702 to 704-A. A life insurer, health insurer or a life and health insurer does not become an all lines insurer merely by transacting specific lines of casualty insurance that life or health insurers are expressly authorized by law to transact.   [PL 2007, c. 199, Pt. E, §1 (AMD).] SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1991, c. 385, §1 (AMD). PL 2007, c. 199, Pt. E, §1 (AMD).
24-A ME Rev Stat § 411 (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 §411. Insuring combinations without additional capital funds

 §411. Insuring combinations without additional capital funds Without additional paid-in capital stock or additional surplus, an authorized insurer may also be authorized:   [PL 1969, c. 132, §1 (NEW).]1.  If a life insurer, to grant annuities;   [PL 1969, c. 132, §1 (NEW).] 2.  If a health insurer, to insure against congenital defects, as defined in section 707;   [PL 1969, c. 132, §1 (NEW).] 3.  If a casualty insurer or multiple line insurer, to transact health insurance; except that this provision does not apply to a domestic insurer authorized to transact casualty insurance only, pursuant to section 410, subsection 1, paragraph A; or   [PL 1991, c. 385, §3 (AMD).] 4.  To transact employee benefit excess insurance to the extent authorized pursuant to section 707, subsection 3.   [PL 1991, c. 385, §4 (NEW).] SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1991, c. 385, §§3,4 (AMD).
24-A ME Rev Stat § 413-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 §413-A. Alien insurer; port of entry

 §413-A. Alien insurer; port of entry 1.  Port of entry.  An alien insurer that has been authorized by the superintendent to use the State as its port of entry for the transaction of business in the United States is considered a domestic insurer to the extent provided in this section. An alien insurer that has been approved by another state to use that state as its port of entry is considered to be domiciled in that state in the same manner, if there is a valid reciprocity agreement between that state and this State or if the superintendent has determined that the applicable laws of that state are substantially similar to this section and its implementing rules.   [PL 1999, c. 113, §17 (AMD).] 2.  Rules.  The superintendent shall adopt rules establishing the terms and conditions of port of entry authorization, which include without limitation:   A. The requirements an alien insurer must satisfy to qualify for port of entry authorization. These requirements must include, at a minimum:   (1) Agreement to adhere to all laws applicable to domestic insurers;   (2) Maintenance of appropriate trust surplus or other adequate security within the State;   (3) Maintenance of records of all United States operations within the State; and   (4) Maintenance of a separate financial reporting system for United States operations;   [PL 1995, c. 375, Pt. D, §1 (NEW).]B. The procedures for obtaining, maintaining and terminating port of entry authorization; and   [PL 1995, c. 375, Pt. D, §1 (NEW).]C. Modifications of the provisions of this Title, and of the rules adopted by the superintendent that apply to domestic insurers, as the superintendent determines necessary for the appropriate regulation of alien insurers with port of entry authorization.   [PL 1995, c. 375, Pt. D, §1 (NEW).][PL 1995, c. 375, Pt. D, §1 (NEW).] SECTION HISTORY PL 1995, c. 375, §D1 (NEW). PL 1999, c. 113, §17 (AMD).
24-A ME Rev Stat § 415 (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 §415. Continuation of certificate of authority

 §415. Continuation of certificate of authority 1.  A certificate of authority continues in force as long as the insurer is entitled under this Title and until suspended or revoked by the superintendent or terminated at the insurer's request.   A.   [PL 1995, c. 544, §3 (RP).]B.   [PL 1995, c. 544, §3 (RP).]C.   [PL 1995, c. 544, §3 (RP).][PL 1995, c. 544, §3 (AMD).] 2.   [PL 1995, c. 544, §4 (RP).] 3.  The superintendent may, upon the insurer's request made within 3 months after suspension, reinstate a certificate of authority that the superintendent suspended due to the insurer's failure to pay the annual fee upon payment by the insurer of the fee for reinstatement specified in section 601. Otherwise the insurer may be granted another certificate of authority only after filing application therefor and meeting all other requirements as for an original certificate of authority in this State.   [PL 1997, c. 592, §11 (AMD).] 4.   [PL 1997, c. 592, §11 (RP).] 5.   [PL 1997, c. 592, §11 (RP).] SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD). PL 1975, c. 767, §§10,11 (AMD). PL 1977, c. 222, §1 (AMD). PL 1977, c. 694, §398 (AMD). PL 1981, c. 501, §§39,40 (AMD). PL 1995, c. 544, §§3,4 (AMD). PL 1997, c. 592, §11 (AMD).
24-A ME Rev Stat § 415-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 §415-A. Termination of certificate of authority

 §415-A. Termination of certificate of authority An authorized insurer which elects to terminate its license authority in this State, in whole or in part, shall submit a withdrawal plan designed to protect policyholders and claimants which is subject to approval by the superintendent. The insurer shall submit its plan at least 60 days prior to its proposed date of withdrawal. The plan shall include, but not be limited to, requirements and procedures for meeting the insurer's existing contractual obligations, providing security in the event of a subsequent insolvency and meeting any applicable statutory obligations. The plan shall also comply with any further terms and conditions which are prescribed by rules adopted by the superintendent. In order to protect the interest of the people of this State, the superintendent may require the insurer to make a deposit of securities of a nature and type eligible under section 1253, to be held in trust by the treasurer in the name of the superintendent.   [PL 1985, c. 330, §5 (NEW).]If an insurer's license authority is revoked, suspended or otherwise terminated in a manner other than by its election, the superintendent shall issue an order which prescribes terms and conditions related to the license termination which shall, to the extent practicable, conform to the requirements governing withdrawal plans as prescribed by this section and rules promulgated under this section. In the event that an insurer attempts to terminate its license authority in this State without filing a withdrawal plan acceptable to the superintendent, the superintendent shall issue an order prescribing the terms and conditions of the termination. Any order issued pursuant to this section, including an order directing an insurer to produce relevant information, may be enforced as provided by section 214.   [PL 1985, c. 330, §5 (NEW).]SECTION HISTORY PL 1985, c. 330, §5 (NEW).
24-A ME Rev Stat § 416 (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 §416. Petition for suspension or revocation of certificate of authority; mandatory grounds

 §416. Petition for suspension or revocation of certificate of authority; mandatory grounds 1.  Notwithstanding Title 4, chapter 5, and Title 5, section 10051, the superintendent shall refuse to continue or shall suspend or revoke an insurer's certificate of authority:   A. If such action is required by any provision of this Title;   [PL 1983, c. 419, §1 (AMD).]B. If a foreign insurer and it no longer meets the requirements for a certificate of authority, on account of deficiency of capital or surplus or otherwise;   [PL 1983, c. 419, §1 (AMD).]C. If a domestic insurer and it has failed to cure an impairment of capital or surplus within the time allowed therefor by the superintendent under this Title or is otherwise no longer qualified for the certificate of authority;   [PL 1983, c. 419, §1 (AMD).]D. If the insurer's certificate of authority to transact insurance therein is suspended or revoked by its state of domicile, or state of entry into the United States, if an alien insurer; or   [PL 1969, c. 132, §1 (NEW).]E. For failure of the insurer to pay taxes on its premiums as required by law.   [PL 1969, c. 132, §1 (NEW).][PL 1999, c. 547, Pt. B, §44 (AMD); PL 1999, c. 547, Pt. B, §80 (AFF).] 2.  Except in case of insolvency or impairment of required capital or surplus, or suspension or revocation by another state as referred to in subsection 1, paragraph D, the superintendent shall give the insurer at least 20 days notice in advance of any such refusal, suspension or revocation under this section and of the particulars of the reasons therefor. If the insurer requests a hearing thereon within the 20 days, the request automatically stays the superintendent's proposed action until the superintendent's order is made on that hearing. Hearings held pursuant to this subsection must be held in conformity with Title 5, chapter 375, subchapter 4.   [RR 2021, c. 1, Pt. B, §180 (COR).] 3.  If an action initiated by the superintendent to suspend or revoke an insurer's certificate of authority is based on subsection 1, paragraphs B or C, a sworn statement of financial condition of the insurer signed by an officer of the insurer which indicates that the insurer no longer meets the requirements for a certificate of authority shall be prima facie proof that the requirements for a certificate of authority are not met.   [PL 1983, c. 419, §1 (NEW).] SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1971, c. 544, §83 (AMD). PL 1973, c. 585, §12 (AMD). PL 1977, c. 694, §§399,400 (AMD). PL 1983, c. 419, §1 (AMD). PL 1999, c. 547, §B44 (AMD). PL 1999, c. 547, §B80 (AFF). RR 2021, c. 1, Pt. B, §180 (COR).
24-A ME Rev Stat § 418 (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. Power to amend, modify or refuse to renew certificates of authority

 §418. Power to amend, modify or refuse to renew certificates of authority Notwithstanding the authority of the District Court, the superintendent may amend, modify or refuse to renew any insurer's certificate of authority for cause pursuant to procedures in conformity with the Maine Administrative Procedure Act, Title 5, chapter 375, subchapter IV.   [PL 1983, c. 419, §3 (AMD); PL 1999, c. 547, Pt. B, §78 (AMD); PL 1999, c. 547, Pt. B, §80 (AFF).]SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1969, c. 177, §10 (AMD). PL 1973, c. 585, §12 (AMD). PL 1977, c. 694, §404 (RPR). PL 1983, c. 419, §3 (AMD). PL 1999, c. 547, §B78 (AMD). PL 1999, c. 547, §B80 (AFF).