Maine § 24-A §4204-A Surplus requirements

Maine Statutes

§ 24-A §4204-A — Surplus requirements

Maine § 24-A §4204-A

Title 24-AMAINE INSURANCE CODE

Ch. 56HEALTH MAINTENANCE ORGANIZATIONS

This text of Maine § 24-A §4204-A (Surplus requirements) 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 §4204-A (2026).

Text

1.Initial minimum surplus. To qualify for authority as a health maintenance organization, an organization shall have an initial minimum surplus of $1,500,000.

2.Surplus maintained. Except as provided in this section, every health maintenance organization must maintain a minimum surplus equal to the greater of: 2-A. Additional surplus. A health maintenance organization that otherwise possesses surplus funds as required under this section shall also maintain surplus in a reasonable amount as determined by the superintendent in relation to indemnity risks assumed through the issuance of a point-of-service product, net of any applicable reinsurance.

3.Exceptions. A health maintenance organization licensed before the effective date of this section must maintain a minimum surplus of:

4.Subor

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1.
Initial minimum surplus.
To qualify for authority as a health maintenance organization, an organization shall have an initial minimum surplus of $1,500,000.
2.
Surplus maintained.
Except as provided in this section, every health maintenance organization must maintain a minimum surplus equal to the greater of:
2-A.
Additional surplus.
A health maintenance organization that otherwise possesses surplus funds as required under this section shall also maintain surplus in a reasonable amount as determined by the superintendent in relation to indemnity risks assumed through the issuance of a point-of-service product, net of any applicable reinsurance.
3.
Exceptions.
A health maintenance organization licensed before the effective date of this section must maintain a minimum surplus of:
4.
Subordinated debt.
Any health maintenance organization that issues a subordinated debt instrument shall structure the debt as follows.