Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
031 - BUREAU OF INSURANCE
Chapter 570 - GUARANTY ASSOCIATION LINES OF CREDIT
Section 031-570-1 - Purpose
Universal Citation: 02 ME Code Rules ยง 031-570-1
Current through 2024-38, September 18, 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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