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the Maine Revised Statutes
2011 Maine Revised Statutes
TITLE 24-A: MAINE INSURANCE CODE
Chapter 83: CAPTIVE INSURANCE COMPANIES
24-A §6713. Exemption from compulsory associations
Universal Citation:
24-A ME Rev Stat § 6713 (2011 through 125th Legis)
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§6713. Exemption from compulsory associations
A captive insurance company may not join or contribute financially to any plan, pool, association or guaranty or insolvency fund in this State, and a captive insurance company and its insureds, its parent or any affiliated company or member organization of its association may not receive any benefit from the plan, pool, association or guaranty or insolvency fund for claims arising out of the operations of the captive insurance company. [1997, c. 435, §1 (NEW).]
SECTION HISTORY
1997, c. 435, §1 (NEW).
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