§4452. Report to Legislature
At the end of each calendar year, the association shall submit a report of its activities to the joint standing committee of the Legislature having jurisdiction over banking and insurance matters. The report must include the amount of assessments made against each account, the name of the insolvent insurer to which the assessments are attributable and the amount of funds borrowed, if any, by the association and the repayment date of any loan. [PL 1989, c. 751, §7 (NEW).]
SECTION HISTORY
PL 1989, c. 751, §7 (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24-A §4440-B. Assessment of excess insurers (REPEALED)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