Statutes, codes, and regulations
Maine Administrative Code
Department 02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATIONDivision 031 - BUREAU OF INSURANCE
Chapter 160 - ELIGIBLE SURPLUS LINES INSURERS SUMMARY REQUIREMENTS FOR ELIGIBILITY STATUS TO TRANSACT "EXPORT LINES" OF INSURANCE REGARDING RISKS RESIDENT, LOCATED OR TO BE PERFORMED IN MAINE
Section 031-160-4 - Specific filings

02-031-160 Me. Code R. § 4

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Current through 2024-46, November 13, 2024
Section 031-160-4 - Specific filings
A. Every insurer applying for eligibility status shall make an initial filing to the Bureau of Insurance. Such filing shall include:
1. A written application on forms to be supplied by the Superintendent. The application shall contain among other things:
a. A name and home office address of the insurer.
b. The location of its principal office in the United States.
c. The names of officers principal to the conduct of the insurance company business.
d. Whether a stock, mutual, reciprocal or other type of business organization.
e. The application shall be signed under oath by the chief operations officer of the company.
f. Such other information as may be from time to time deemed necessary and appropriate by the Superintendent.
2. If the company is a corporation, a copy of its Charter and By-Laws.
3. If the applicant is an alien insurer or if a reciprocal, an exchange, or association, or a Lloyd's, a copy of the power of attorney.
4. If the applicant is a foreign insurer, Certificates of Compliance and Deposit from the domiciliary state.
5. A certified copy of the last annual statement filed as required with the supervisory official in the State or Country of domicile of the insurer.
6. A copy of the last report of examination by the supervisory official in the State or Country of domicile of the insurer.
7. A listing of reinsurers to whom the insurance company cedes risks of insurance.
8. Appointment of the Superintendent of Insurance as the company's attorney to accept Service of Process.
9. Such other information as the Superintendent may from time to time deem necessary and appropriate.
B. If the insurer is a United States corporation, on or before April 15 of each year succeeding the initial filing or if the insurer is an alien corporation (organized pursuant to laws of countries other than the United States) within 75 days subsequent to the close of its elected fiscal year but not later than September 30 in any calendar year, such insurer shall:
1. File with the Insurance Superintendent a certified copy of the annual statement for the year immediately preceding.
2. File such other information as the Superintendent may deem necessary.
C. Such other information which effects a change to any previous filing shall be submitted by the insurer on a timely basis during any interim period.

02-031 C.M.R. ch. 160, § 4