§791. Fees and taxes
A special purpose reinsurance vehicle application under section 782, subsection 2 is subject to the application fee specified in section 601, subsection 1. A reinsurance vehicle is also responsible for expenses and costs incurred by the bureau in accordance with section 228. The reinsurance vehicle is not subject to state premium or other taxes incidental to the operation of its business as long as the business remains within the limitations of this subchapter. [PL 2003, c. 249, §2 (NEW).]
SECTION HISTORY
PL 2003, c. 249, §2 (NEW).
Structure Maine Revised Statutes
TITLE 24-A: MAINE INSURANCE CODE
Chapter 9: KINDS OF INSURANCE; LIMITS OF RISK; REINSURANCE
Subchapter 6: SPECIAL PURPOSE REINSURANCE VEHICLE
24-A §782. Limited certificate of authority required
24-A §783. Limited purpose of special purpose reinsurance vehicle
24-A §784. Approved transactions and operation of special purpose reinsurance vehicles
24-A §789. Records and financial reports
24-A §790. Officers and directors
24-A §793. Conservation, rehabilitation or liquidation
24-A §794. Not subject to guaranty funds; residual market or similar arrangements
24-A §795. Asset and investment limitations
24-A §796. No transaction of insurance business by investors in securities
24-A §796-A. Confidentiality of proprietary information