| | |
of the association, committee, joint board of trustees or | | other similar group of representatives of the parties who | | establish or maintain the benefit plan, which, in lieu of a | | specific or clear designation of a principal place of | | business, is deemed to be the principal place of business of | | the employer or employee organization that has the largest | | investment in the benefit plan in question. |
|
| | | 18.__Receivership court.__"Receivership court" means the court | | in the impaired or insolvent insurer's state having jurisdiction | | over the conservation, rehabilitation or liquidation of the | | insurer. |
|
| | | 19.__Resident.__"Resident" means a person to whom a | | contractual obligation is owed and who resides in this State on | | the date of entry of a court order that determines a member | | insurer to be an impaired insurer or a court order that | | determines a member insurer to be an insolvent insurer, whichever | | occurs first.__A person may be a resident of only one state, | | which in the case of a person other than a natural person is its | | principal place of business.__Citizens of the United States that | | are either residents of foreign countries or residents of United | | States possessions, territories or protectorates that do not have | | an association similar to the association created by this chapter | | are deemed residents of the state of domicile of the insurer that | | issued the policies or contracts. |
|
| | | 20.__Structured settlement annuity.__"Structured settlement | | annuity" means an annuity purchased in order to fund periodic | | payments for a plaintiff or other claimant in payment for or with | | respect to personal injury suffered by the plaintiff or other | | claimant. |
|
| | | 21.__State.__"State" means a state, the District of Columbia, | | Puerto Rico or a United States possession, territory or | | protectorate. |
|
| | | 22.__Supplemental contract. "Supplemental contract" means a | | written agreement entered into for the distribution of proceeds | | under a life, health or annuity policy or contract. |
|
| | | 23.__Unallocated annuity contract. "Unallocated annuity | | contract" means an annuity contract or group annuity certificate | | that is not issued to and owned by an individual, except to the | | extent of any annuity benefits guaranteed to an individual by an | | insurer under the contract or certificate. |
|
| | | Sec. 6. 24-A MRSA §§4606, 4607 and 4608, as enacted by PL 1983, c. 846, | | are amended to read: |
|
|