Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
031 - BUREAU OF INSURANCE
Chapter 160 - ELIGIBLE SURPLUS LINES INSURERS SUMMARY REQUIREMENTS FOR ELIGIBILITY STATUS TO TRANSACT "EXPORT LINES" OF INSURANCE REGARDING RISKS RESIDENT, LOCATED OR TO BE PERFORMED IN MAINE
Section 031-160-6 - The Superintendent shall, upon receipt and analysis of filings, review and amend the existing tentative list of eligible insurers and shall, as soon as practicable, issue a new list of eligible companies to which surplus lines brokers shall submit their placements of such coverages Surplus Lines Eligibility - State of Maine
Current through 2024-38, September 18, 2024
The following constitutes that form of data required for your application to be considered.
1. Application for Surplus Lines Eligibility.
2. Biographical Sketches.
3. Power of Attorney.
4. Certificate of Compliance from its domiciliary state if a foreign company or state of entry if an alien company.
5. Certificate of Deposit or a statement of trust fund balance.
6. Most recent Report of Examination certified by domiciliary supervisory official.
7. A copy of Articles of Incorporation or Charter currently certified by domiciliary supervisory official.
8. A copy of By-Laws certified by company's secretary.
9. A copy of Annual Statement (December 31, preceding) certified by domiciliary supervisory official.
10. A list of reinsurers to whom the insurance company, association, reciprocal or Lloyd's cedes risks of insurance.
