Maine § 24-A §6709 Grounds and procedures for suspension and revocation of license

Maine Statutes

§ 24-A §6709 — Grounds and procedures for suspension and revocation of license

Maine § 24-A §6709

Title 24-AMAINE INSURANCE CODE

Ch. 83CAPTIVE INSURANCE COMPANIES

This text of Maine § 24-A §6709 (Grounds and procedures for suspension and revocation of license) 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 §6709 (2026).

Text

1.Grounds for suspension or revocation. The superintendent may suspend or revoke the license of a captive insurance company for any of the following reasons:

2.Procedure. Notwithstanding any other law, if the superintendent, upon examination, hearing or other evidence, finds that a captive insurance company has committed any of the acts specified in subsection 1, the superintendent may suspend or revoke the license if the superintendent determines that it is in the best interest of the public and the policyholders of the captive insurance company.

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1.
Grounds for suspension or revocation.
The superintendent may suspend or revoke the license of a captive insurance company for any of the following reasons:
2.
Procedure.
Notwithstanding any other law, if the superintendent, upon examination, hearing or other evidence, finds that a captive insurance company has committed any of the acts specified in subsection 1, the superintendent may suspend or revoke the license if the superintendent determines that it is in the best interest of the public and the policyholders of the captive insurance company.