02-031-440 Me. Code R. § II-3

Current through 2024-46, November 13, 2024
Section 031-440-II-3 - Membership

The Pool consists of all Insurers, as defined in the Workers' Compensation Residual Market Deficit Resolution and Recovery Act, 24-A M.R.S.A. §2392(11), that were authorized to provide workers' compensation insurance in Maine at any time between January 1, 1988 and December 31, 1992. By virtue of that authority, all Pool members remain bound by the plan of operation of the workers' compensation residual market mechanism for the duration of the Pool's existence. Each group of affiliated companies that is considered a single "Insurer" for purposes of the Deficit Resolution and Recovery Act is considered a single member of the Pool and is entitled to a single vote in membership meetings on any matter on which that member is eligible to vote.

02-031 C.M.R. ch. 440, § II-3