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2011 Maine Revised Statutes
TITLE 24-A: MAINE INSURANCE CODE
Chapter 54-A: MAINE GUARANTEED ACCESS REINSURANCE ASSOCIATION ACT
24-A §3954. Liability and indemnification
Universal Citation:
24-A ME Rev Stat § 3954 (2011 through 125th Legis)
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§3954. Liability and indemnification
1. Liability. The board and its employees may not be held liable for any obligations of the association. A cause of action may not arise against the association; the board, its agents or its employees; a member insurer or its agents, employees or producers; or the superintendent for any action or omission in the performance of powers and duties pursuant to this chapter.
[ 2011, c. 90, Pt. B, §8 (NEW) .]
2. Indemnification. The board may provide in its bylaws or rules for indemnification of, and legal representation for, its members and employees.
[ 2011, c. 90, Pt. B, §8 (NEW) .]
SECTION HISTORY
2011, c. 90, Pt. B, §8 (NEW).
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