§3055. Superintendent's authority to suspend
In the event of impairment or serious financial difficulty of an insurer or insurers, the superintendent shall have the authority to suspend the provisions of the Maine Property Insurance Cancellation Control Act from applying to the policies of the financially distressed insurer or insurers. [PL 1977, c. 414, §6 (NEW).]
SECTION HISTORY
PL 1977, c. 414, §6 (NEW).
Structure Maine Revised Statutes
TITLE 24-A: MAINE INSURANCE CODE
Chapter 41: PROPERTY INSURANCE CONTRACTS
Subchapter 5: MAINE PROPERTY INSURANCE CANCELLATION CONTROL ACT
24-A §3048. Scope of subchapter
24-A §3049. Notice of cancellation; reasons
24-A §3049-A. Transfer on death deed; provision and cancellation of property insurance
24-A §3050. Delivery of notice
24-A §3052. Duplicate coverage
24-A §3053. Renewal not a waiver or estoppel
24-A §3054. Hearing before Superintendent of Insurance
24-A §3055. Superintendent's authority to suspend
24-A §3055-A. Discontinuance of a line of business
24-A §3056. Nonliability for certain statements
24-A §3057. Actions related to age of dwelling prohibited
24-A §3058. Refusal based on previous owner's losses
24-A §3059. Insurer valuation of property; increase in premium; notice
24-A §3060. Insurance coverage for family child care providers
24-A §3061. Uniform policy standards concerning hurricane deductible programs