Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
031 - BUREAU OF INSURANCE
Chapter 570 - GUARANTY ASSOCIATION LINES OF CREDIT
Section 031-570-4 - Qualified issuers

Unless other qualifications are provided in 24-A M.R.S.A. §§4435(10) or 4605(12), as amended, any issuer of a Line of Credit must be insured by the Federal Deposit Insurance Corporation, Federal Savings and Loan Insurance Corporation, or a successor federal deposit insurance agency or agencies. The issuer's equity capital, as defined above, must be at least 6.5 percent of its total assets as determined in accordance with generally accepted accounting principles.