Authorization of Insurers and General Requirements | Midpage

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Maine Revised Statutes

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Authorization of Insurers and General Requirements

400"Stock" insurer defined 401"Mutual" insurer defined 402"Reciprocal"; "Lloyd's" insurer defined 403"Charter" defined 404Certificate of authority required; enforcement; penalty 405Exceptions to certificate of authority requirement 405-ACertification of regional insurers or health maintenance organizations to transact individual health insurance 405-BDomestic insurers or licensed health maintenance organization; individual health insurance approved in other states 405-CDomestic insurers or licensed health maintenance organizations; parity with regional insurers 406General eligibility for certificate of authority 407Same; ownership, management 408Name of insurer 409Insurance lines combinations 410Minimum paid-in capital and surplus requirements 411Insuring combinations without additional capital funds 412Deposits 413Application for certificate of authority 413-AAlien insurer; port of entry 414Issuance, refusal of authority, ownership of certificate 415Continuation of certificate of authority 415-ATermination of certificate of authority 416Petition for suspension or revocation of certificate of authority; mandatory grounds 417Suspension or revocation of certificate of authority; discretionary and special grounds 418Power to amend, modify or refuse to renew certificates of authority 418-AOrder, notice of suspension or, revocation; publication; effect upon agents' authority 419Duration of suspension; insurer's obligation during suspension period; reinstatement 420General corporation laws inapplicable to foreign insurers 421Superintendent process agent for insurers 423Annual statement 423-AInterim financial reporting requirements 423-BPeriodic financial reports of insurer-controlled health maintenance organizations 423-CReports of material transactions 423-DAnnual report supplement 423-FOwn risk and solvency assessment 423-GCorporate governance annual disclosure 424-- penalty for late or false statement 425Transactions with parent corporation, subsidiaries, and affiliates 425-AContract to participate in finance program 428Retaliatory provision