Title 24-A: MAINE INSURANCE CODE
Chapter 19: SURPLUS LINES
If certain insurance coverages cannot be procured from authorized insurers, such coverages, hereinafter designated "surplus lines," may be procured from unauthorized insurers, subject to the following conditions: [1969, c. 132, §1 (NEW).]
1. The insurance must be procured through a licensed producer with surplus lines authority.
[ 1997, c. 592, §50 (AMD) .]
2. The desired coverage is necessary for the adequate protection of a risk in the State.
[ 1969, c. 132, §1 (NEW) .]
3. It may be written under the laws of this State by an authorized insurer.
[ 1969, c. 132, §1 (NEW) .]
4. The insurance is not available after diligent effort has been made to place the coverage with authorized insurers.
[ 1969, c. 132, §1 (NEW) .]
SECTION HISTORY
1969, c. 132, §1 (NEW). 1997, c. 592, §50 (AMD).