24-A §2002-A. Exemptions from provisions - Maine Statutes

Title 24-A: MAINE INSURANCE CODE

Chapter 19: SURPLUS LINES

§2002-A. Exemptions from provisions

1. The following kinds of insurance must be procured from authorized insurers and are not eligible for export in the surplus lines market:

A. Life insurance; [1993, c. 153, §16 (NEW).]

B. Health insurance; or [1993, c. 153, §16 (NEW).]

C. Employee benefit excess insurance. [1993, c. 153, §16 (NEW).]

[ 1993, c. 153, §16 (NEW) .]

2. This surplus lines law may not be used to place reinsurance. Nothing in this subsection prohibits the cession or assumption of reinsurance as otherwise permitted by this Title.

[ 1993, c. 153, §16 (NEW) .]

3. Producers with surplus lines authority may procure the following kinds of insurance from eligible surplus lines insurers without adherence to the procedures set forth in section 2004:

A. Wet marine and transportation insurance; [1993, c. 153, §16 (NEW).]

B. Insurance on subjects located, resident or to be performed wholly outside of this State, or on vehicles or aircraft owned and principally garaged outside this State; [1993, c. 153, §16 (NEW).]

C. Insurance on operations of railroads engaged in transportation in interstate commerce and their property used in such operations; or [1993, c. 153, §16 (NEW).]

D. Insurance on aircraft owned or operated by manufacturers of aircraft or of aircraft operated in commercial interstate flight, or cargo of such aircraft, or against liability other than workers' compensation and employer's liability arising out of the ownership, maintenance or use of such aircraft. [1993, c. 153, §16 (NEW).]

[ 1997, c. 592, §48 (AMD) .]

SECTION HISTORY

1993, c. 153, §16 (NEW). 1997, c. 592, §48 (AMD).