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

Maine Statutes

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

Maine § 24-A §4612-A

Title 24-AMAINE INSURANCE CODE

Ch. 62MAINE LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION

This text of Maine § 24-A §4612-A (Prevention of impairments and insolvencies) 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 §4612-A (2026).

Text

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:

Free access — add to your briefcase to read the full text and ask questions with AI

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: