Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
029 - BUREAU OF FINANCIAL INSTITUTIONS
Chapter 139 - SALE OF INSURANCE PRODUCTS BY FINANCIAL INSTITUTIONS AND SUPERVISED LENDERS
Section 029-139-V - ENFORCEMENT

Universal Citation: 02 ME Code Rules ยง 029-139-V
Current through 2024-38, September 18, 2024

Compliance with this rule shall be determined by reviewing the cumulative effect of the use of signs, the physical location of insurance sales, and the identification of insurance agencies, producers, and consultants. The regulators shall cooperate in the enforcement of this rule. Examinations for compliance with the statute and rule will be conducted by the Bureau of Banking with respect to financial institutions or their affiliates and by the Office of Consumer Credit Regulation with respect to supervised lenders or their affiliates. Suspected violations of the rule shall be reported to the Bureau of Insurance. Notwithstanding the foregoing, the Bureau of Insurance may conduct investigations, examinations and other enforcement actions with respect to the insurance activities of financial institutions and supervised lenders. Information which is deemed confidential under Title 9-A, Title 9-B, or Title 24-A of the Maine Revised Statutes Annotated shall remain confidential when shared with or communicated between or among the regulators.

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