Maine § 24-A §4612-A Prevention of impairments and insolvencies

Maine Statutes

§ 24-A §4612-A — Prevention of impairments and insolvencies

Maine·Title 24-A MAINE INSURANCE CODE·Ch. 62 MAINE LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION

To aid in the detection and prevention of insurer impairments and insolvencies, the following provisions apply.

1.Action by superintendent. The superintendent shall:

2.Advice and recommendations. The superintendent may seek the advice and recommendations of the board of directors concerning any matter affecting the duties and responsibilities of the superintendent regarding the financial condition of member insurers and companies seeking admission to transact insurance or health maintenance organization business in this State.

3.Action by board of directors. The board of directors, upon majority ballot vote, shall:

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To aid in the detection and prevention of insurer impairments and insolvencies, the following provisions apply.
1.
Action by superintendent.
The superintendent shall:
2.
Advice and recommendations.
The superintendent may seek the advice and recommendations of the board of directors concerning any matter affecting the duties and responsibilities of the superintendent regarding the financial condition of member insurers and companies seeking admission to transact insurance or health maintenance organization business in this State.
3.
Action by board of directors.
The board of directors, upon majority ballot vote, shall:

Maine § 24-A §4612-A (Prevention of impairments and insolvencies) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.