Chapter 21: UNAUTHORIZED INSURERS -- PROHIBITIONS, PROCESS AND ADVERTISING
§2101. Representing or aiding unauthorized insurer prohibited
1. No person shall in this State directly or indirectly act as agent for, or otherwise represent or aid on behalf of another,
any insurer not then authorized to transact such business in this State, in the solicitation, negotiation, procurement or
effectuation of insurance or annuity contracts, or renewal thereof, or forwarding of applications for insurance or annuities,
or the dissemination of information as to coverage or rates, or inspection of risks, or fixing of rates, or investigation
or adjustment of claims or losses, or collection or forwarding of premiums, or in any other manner represent or assist such
an insurer in the transaction of insurance with respect to subjects of insurance resident, located or to be performed in this
State.
[
1969, c. 132, §1 (NEW)
.]
2. This section does not apply to:
A. Matters authorized to be done by the superintendent under the Unauthorized Insurers Process Act, sections 2102 to 2108; [1973, c. 625, §141 (AMD).]
B. Transactions as to which the insurer is not required to have a certificate of authority pursuant to section 405 (exceptions
to certificate of authority requirement); [1969, c. 132, §1 (NEW).]
C. A licensed adjuster or attorney at law representing such an insurer from time to time in his professional capacity; [1969, c. 132, §1 (NEW).]
D. Transactions in this State relating to a policy of wet marine and transportation insurance delivered or issued for delivery
outside this State; [1969, c. 132, §1 (NEW).]
E. The employee, compensated on salary only, of a Maine employer who on behalf of the employer assists in the procurement or
administration of insurance coverages on the property, risks and insurable interests of the employer. [1973, c. 625, §141 (AMD).]
[
1973, c. 625, §141 (AMD)
.]
3. If the superintendent has reason to believe that any insurer or other person is acting in violation of this section or section
404, the superintendent shall commence proceedings in accordance with sections 12-A and 404. Section 2105 applies to all
process, notices and statements of charges to be served on the unauthorized insurer or insurers.
[
1991, c. 298, §6 (NEW)
.]
SECTION HISTORY
1969, c. 132, §1 (NEW).
1973, c. 585, §12 (AMD).
1973, c. 625, §141 (AMD).
1991, c. 298, §6 (AMD).
Data for this page extracted on 11/09/2009 11:20:25.