Maine § 24-A §4382 Report and petition for assessment

Maine Statutes

§ 24-A §4382 — Report and petition for assessment

Maine·Title 24-A MAINE INSURANCE CODE·Ch. 57 DELINQUENT INSURERS

Within 3 years after the date of the entry of an order of rehabilitation or liquidation of a domestic mutual insurer or a domestic reciprocal insurer, the superintendent may make and file the superintendent's report and petition to the court setting forth:

1.The reasonable value of the assets of the insurer;

2.The liabilities of the insurer to the extent thus far ascertained by the superintendent;

3.The aggregate amount of the assessment, if any, which the superintendent deems reasonably necessary to pay all claims, the costs and expenses of the collection of the assessments and the costs and expenses of the delinquency proceedings in full; and

4.Any other information relative to the affairs or property of the insurer that the superintendent deems material.

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Within 3 years after the date of the entry of an order of rehabilitation or liquidation of a domestic mutual insurer or a domestic reciprocal insurer, the superintendent may make and file the superintendent's report and petition to the court setting forth:
1.
The reasonable value of the assets of the insurer;
2.
The liabilities of the insurer to the extent thus far ascertained by the superintendent;
3.
The aggregate amount of the assessment, if any, which the superintendent deems reasonably necessary to pay all claims, the costs and expenses of the collection of the assessments and the costs and expenses of the delinquency proceedings in full; and
4.
Any other information relative to the affairs or property of the insurer that the superintendent deems material.

Maine § 24-A §4382 (Report and petition for assessment) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.