Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
031 - BUREAU OF INSURANCE
Chapter 740 - CREDIT FOR REINSURANCE
Section 031-740-7 - Required filings by reinsurers not licensed or certified in this State

Current through 2024-38, September 18, 2024

In order for credit to be granted under Sections 8, 9, or 11 for reinsurance ceded to an unlicensed reinsurer, the reinsurer must file a properly executed Form AR-1, as shown in the appendix to this rule, as evidence of its submission to this State's jurisdiction and to this State's authority to examine its books and records at the reinsurer's expense. Upon request of the Superintendent, the reinsurer shall provide any information requested by the Superintendent that is relevant to its financial condition or otherwise relevant to determining its continuing qualification under the relevant provisions of this rule. Annual regulatory statements and annual audited financial statements filed with the NAIC and made available to the Superintendent by the NAIC are deemed to be filed with the Superintendent, and no additional filings are required unless otherwise ordered by the Superintendent.

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