Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
031 - BUREAU OF INSURANCE
Chapter 900 - LARGE COMMERCIAL RISKS
Section 031-900-5 - Definitions

Universal Citation: 02 ME Code Rules ยง 031-900-5

Current through 2024-38, September 18, 2024

For the purpose of this Rule, the following terms have the following meanings:

A. "Commercial Insurance" means commercial property and casualty insurance.

B. "Producer" means a person or agency licensed under Title 24-A M.R.S.A. Chapter 16, or otherwise acting, as a property and casualty insurance producer. "Producer" includes resident and nonresident licensees.

C. "Insurer" means any company, association, organization, partnership, syndicate, business trust, corporation or legal entity engaged as an indemnitor or surety, holding a certificate of authority issued by the Superintendent or authorized as an eligible surplus lines insurer by the Superintendent.

D. "Superintendent" means the Superintendent of the Maine Bureau of Insurance.

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