Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
031 - BUREAU OF INSURANCE
Chapter 880 - SALE OF INSURANCE PRODUCTS BY FINANCIAL INSTITUTIONS AND SUPERVISED LENDERS
Section 031-880-V - ENFORCEMENT

Universal Citation: 02 ME Code Rules ยง 031-880-V
Current through 2024-38, September 18, 2024

Compliance with this rule shall be determined by reviewing the cumulative effect of the use of signs, the physical location of insurance sales, and the identification of insurance agencies, producers, and consultants. The regulators shall cooperate in the enforcement of this rule. Examinations for compliance with the statute and rule will be conducted by the Bureau of Banking with respect to financial institutions or their affiliates and by the Office of Consumer Credit Regulation with respect to supervised lenders or their affiliates. Suspected violations of the rule shall be reported to the Bureau of Insurance. Notwithstanding the foregoing, the Bureau of Insurance may conduct investigations, examinations and other enforcement actions with respect to the insurance activities of financial institutions and supervised lenders. Information which is deemed confidential under Title 9-A, Title 9-B, or Title 24-A of the Maine Revised Statutes Annotated shall remain confidential when shared with or communicated between or among the regulators.

Disclaimer: These regulations may not be the most recent version. Maine may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.