If at any time the superintendent has reason to believe that a filing does not meet
the requirements of this chapter, or violates any of the provisions of chapter 23,
the superintendent shall, after a hearing held upon not less than 10 days' written
notice, specifying the matters to be considered at such hearing, to every insurer
and advisory organization which made such filing, issue an order specifying in what
respects the superintendent finds that such filing fails to meet the requirements
of this chapter, and stating when, within a reasonable period thereafter, such filing
shall be deemed no longer effective. Copies of the order shall be sent to every such
insurer and advisory organization. The order shall not affect any contract or policy
made or issued prior to the expiration of the period set forth in the order.
1989, c. 797, §10 (AMD);
1989, c. 797, §§37, 38 (AFF)
No such order shall be issued by the superintendent with respect to the rate of
an insurer, if such rate is one used by any other insurer, unless such order applies
equally to all insurers using such rate. Such order may be issued to an insurer without
being applicable to all other insurers using the same rate, if the basis for such
order is that the insurer affected thereby could not otherwise, with safety to the
public and to its policyholders, be permitted to continue to transact business.
1973, c. 585, §12 (AMD)
1969, c. 132, §1 (NEW).
1969, c. 402, §5 (AMD).
1973, c. 585, §12 (AMD).
1989, c. 797, §§10,37,38 (AMD).
Data for this page extracted on 10/06/2014 09:04:03.
The Revisor's Office cannot provide legal advice or
interpretation of Maine law to the public. If you need legal
advice, please consult
a qualified attorney.