Maine § 24-A §3954 Liability and indemnification

Maine Statutes

§ 24-A §3954 — Liability and indemnification

Maine § 24-A §3954

Title 24-AMAINE INSURANCE CODE

Ch. 54-AMAINE GUARANTEED ACCESS REINSURANCE ASSOCIATION ACT

This text of Maine § 24-A §3954 (Liability and indemnification) 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 §3954 (2026).

Text

1.Liability. The board and its employees may not be held liable for any obligations of the association. A cause of action may not arise against the association; the board, its agents or its employees; a member insurer or its agents, employees or producers; or the superintendent for any action or omission in the performance of powers and duties pursuant to this chapter.

2.Indemnification. The board may provide in its bylaws or rules for indemnification of, and legal representation for, its members and employees.

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1.
Liability.
The board and its employees may not be held liable for any obligations of the association. A cause of action may not arise against the association; the board, its agents or its employees; a member insurer or its agents, employees or producers; or the superintendent for any action or omission in the performance of powers and duties pursuant to this chapter.
2.
Indemnification.
The board may provide in its bylaws or rules for indemnification of, and legal representation for, its members and employees.