Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
031 - BUREAU OF INSURANCE
Chapter 730 - STANDARDS FOR ACCEPTANCE OF REINSURANCE OF WORKERS' COMPENSATION SELF-INSURANCE
Section 031-730-9 - Approval or disapproval of eligibility

Universal Citation: 02 ME Code Rules ยง 031-730-9
Current through 2024-38, September 18, 2024

The Superintendent shall, within 45 days upon receipt of a complete application, review and approve or disapprove the applicant as a reinsurer for self-insurer workers' compensation on risks resident to the State of Maine. If at any time the applicant no longer meets the eligibility requirements of this Rule or violates any provision of Title 24-A M.R.S.A., the Superintendent may terminate the applicant's authority to accept reinsurance for self-insured workers' compensation in Maine. The disapproval of applications or termination of authority shall be governed by the procedures established in the Maine Administrative Procedure Act, Title 5 M.R.S.A., Chapter 375, and in Title 24-A M.R.S.A., Chapter 3 to the extent applicable.

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