Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
029 - BUREAU OF FINANCIAL INSTITUTIONS
Chapter 126 - GUARANTY ASSOCIATION LINES OF CREDIT (Reg. 26) (Bureau of Insurance Rule Chapter 570)
Section 029-126-I - PURPOSE
Universal Citation: 02 ME Code Rules ยง 029-126-I
Current through 2024-13, March 27, 2024
The purpose of this Rule is to establish the terms, conditions, standards, and form of any Line of Credit extended to the Maine Insurance Guaranty Association, Maine Life and Health Insurance Guaranty Association, or any of their member insurers, for purposes of facilitating the prompt payment of covered claims against insolvent insurers..
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