§4447. Recognition of assessment in rates
The rates and premiums charged for insurance policies to which this subchapter applies shall include amounts sufficient to recoup a sum equal to the amounts paid to the association by the member insurer less any amounts returned to the member insurer by the association, and such rates shall not be deemed excessive because they contain an amount reasonably calculated to recoup assessments paid by the member insurer. [PL 1969, c. 561 (NEW).]
SECTION HISTORY
PL 1969, c. 561 (NEW).
Structure Maine Revised Statutes
TITLE 24-A: MAINE INSURANCE CODE
Chapter 57: DELINQUENT INSURERS
Subchapter 3: MAINE INSURANCE GUARANTY ASSOCIATION
24-A §4436. Creation of the association
24-A §4437. Board of directors
24-A §4438. Powers and duties of the association
24-A §4440. Assessment of member insurers
24-A §4440-A. Special assessment
24-A §4440-B. Assessment of excess insurers (REPEALED)
24-A §4441. Duties and powers of the superintendent
24-A §4442. Effect of paid claims
24-A §4443. Nonduplication of recovery
24-A §4444. Prevention of insolvencies
24-A §4445. Examination of the association
24-A §4447. Recognition of assessment in rates
24-A §4449. Stay of proceedings; reopening of default judgments
24-A §4450. Termination of association