§6719. Laws applicable
An insurance law of this State, other than described or referenced in this chapter, does not apply to a captive insurance company. This exclusion must be strictly construed so as to further the public policy in favor of providing alternative means for providing insurance coverage. [PL 2011, c. 90, Pt. I, §8 (AMD).]
SECTION HISTORY
PL 1997, c. 435, §1 (NEW). PL 2011, c. 90, Pt. I, §8 (AMD).
Structure Maine Revised Statutes
TITLE 24-A: MAINE INSURANCE CODE
Chapter 83: CAPTIVE INSURANCE COMPANIES
24-A §6702. Licensing; authority
24-A §6703. Names of companies
24-A §6704. Minimum capital and surplus
24-A §6705. Minimum surplus (REPEALED)
24-A §6706. Formation of captive insurance companies in this State
24-A §6707. Financial statements and other reports
24-A §6708. Examinations and investigations
24-A §6709. Grounds and procedures for suspension and revocation of license
24-A §6712. Rating organizations
24-A §6713. Exemption from compulsory associations
24-A §6714. Delinquent captive insurers
24-A §6715. Confidential information
24-A §6716. Redomestication; approval as a domestic captive insurer
24-A §6717. Redomestication; conversion to foreign insurer
24-A §6720. Fees, taxes and assessments
24-A §6721. Rules for controlled unaffiliated business
24-A §6722. Conversion to or merger with reciprocal insurer