Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
031 - BUREAU OF INSURANCE
Chapter 860 - ALIEN INSURERS; PORT OF ENTRY
Section 031-860-9 - Authority of Superintendent

Whenever it appears to the Superintendent from any annual or quarterly statement or trusteed surplus statement or any other report that a U.S. branch's trusteed surplus is reduced below the greater of minimum capital and surplus or the authorized control level risk based capital required to be maintained by a domestic insurer licensed to transact the same kinds of insurance, the Superintendent may proceed against the insurer pursuant to the provisions of Chapters 5 and 57 of Title 24-A M.R.S.A. as an insurer whose condition is such that its further transaction of business in the United States will be hazardous to its policyholders, its creditors or the public in the United States.