Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
031 - BUREAU OF INSURANCE
Chapter 235 - ANNUAL AUDITED FINANCIAL REPORTS
Section 031-235-2 - Scope

This Rule applies to all insurers and health maintenance organizations required to file audited financial reports pursuant to 24-A M.R.S.A. §§221-A and 4233(2), and to all nonprofit corporations regulated under Title 24 M.R.S.A., subject to the same exemptions and limitations that would apply under 24-A M.R.S.A. §221-A and this Rule if they were authorized as insurers. For purposes of this Rule, the term "insurer" includes health maintenance organizations and nonprofit corporations regulated under Title 24 M.R.S.A. If an insurer is publicly traded, this Rule and the standards incorporated by reference herein apply only to the extent that they do not conflict with applicable federal law and applicable standards promulgated by the Public Company Accounting Oversight Board. For SOX-Compliant Insurers, as defined in Section 16, the provisions of this Rule are superseded to the extent provided therein. Compliance with this Rule does not limit in any way the insurer's duty to provide such additional information as the Superintendent may request pursuant the Superintendent's examination authority or other applicable law.