Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
031 - BUREAU OF INSURANCE
Chapter 735 - Term and Universal Life Insurance Reserve Financing
Section 031-735-8 - Prohibition against Avoidance
Universal Citation: 02 ME Code Rules ยง 031-735-8
Current through 2024-38, September 18, 2024
No domestic life insurer that has issued or proposed to issue Covered Policies shall take any action or series of actions, or enter into any transaction or arrangement or series of transactions or arrangements, with the purpose of avoiding the requirements of this rule or circumventing the rule's purpose and intent, as set forth in Section 1.
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