Maine § 24-A §2321-D Advisory organizations; permitted activity

Maine Statutes

§ 24-A §2321-D — Advisory organizations; permitted activity

Maine § 24-A §2321-D

Title 24-AMAINE INSURANCE CODE

Ch. 25RATES AND RATING ORGANIZATIONS

This text of Maine § 24-A §2321-D (Advisory organizations; permitted activity) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 24-A, § 24-A §2321-D (2026).

Text

An advisory organization, in addition to other activities not prohibited, is authorized on behalf of its members and subscribers to:

1.Develop statistical plans including territorial and class definitions;

2.Collect statistical data from members, subscribers or any other source;

3.Prepare and distribute prospective loss costs;

4.Prepare and distribute factors, calculations or formulas pertaining to classification, territory, increased limits and other variables;

5.Prepare and distribute manuals of rating rules and rating schedules that do not include final rates, expense provisions, profit provisions or minimum premiums;

6.Distribute information that is required or directed to be filed with the superintendent;

7.Conduct research and on-site inspections in order to prepare classifica

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An advisory organization, in addition to other activities not prohibited, is authorized on behalf of its members and subscribers to:
1.
Develop statistical plans including territorial and class definitions;
2.
Collect statistical data from members, subscribers or any other source;
3.
Prepare and distribute prospective loss costs;
4.
Prepare and distribute factors, calculations or formulas pertaining to classification, territory, increased limits and other variables;
5.
Prepare and distribute manuals of rating rules and rating schedules that do not include final rates, expense provisions, profit provisions or minimum premiums;
6.
Distribute information that is required or directed to be filed with the superintendent;
7.
Conduct research and on-site inspections in order to prepare classifications of public fire defenses;
8.
Consult with public officials regarding public fire protection as it would affect members, subscribers and others;
9.
Conduct research and collect statistics in order to discover, identify and classify information relating to causes or prevention of losses;
10.
Prepare policy forms and endorsements and consult with members, subscribers and others relative to their use and application;
11.
Conduct research and on-site inspections for the purpose of providing risk information relating to individual structures;
12.
Collect, compile and distribute past and current prices of individual insurers, and publish such information;
13.
File final rates, at the direction of the superintendent, for residual market mechanisms; and
14.
Furnish any other services, as approved or directed by the superintendent, related to those enumerated in this section.