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MAINE STATUTES AND CODES
24-A §3055. Superintendent's authority to suspend
Title 24-A: MAINE INSURANCE CODE
Chapter 41: PROPERTY INSURANCE CONTRACTS
Subchapter 5: MAINE PROPERTY INSURANCE CANCELLATION CONTROL ACT
§3055. Superintendent's authority to suspend
In the event of impairment or serious financial difficulty of an insurer or insurers, the superintendent shall have the authority to suspend the provisions of the Maine Property Insurance Cancellation Control Act from applying to the policies of the financially distressed insurer or insurers. [1977, c. 414, §6 (NEW).]
SECTION HISTORY
1977, c. 414, §6 (NEW).
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