Maine Revised Statutes > Title 11 > Article 4 > Part 4 – Relationship Between Payor Bank and Its Customer
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Terms Used In Maine Revised Statutes > Title 11 > Article 4 > Part 4 - Relationship Between Payor Bank and Its Customer
- Arrest: Taking physical custody of a person by lawful authority.
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Association: means the Maine Insurance Guaranty Association. See Maine Revised Statutes Title 24-A Sec. 2392
- Board: means the governing board of the Maine Workers' Compensation Residual Market Pool. See Maine Revised Statutes Title 24-A Sec. 2392
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Delinquent insurer: means an insurer that has not timely paid in full that insurer's allocated share pursuant to section 2393, subsection 1, paragraph A, subparagraphs (1) or (2) or section 2393, subsection 1, paragraph B, subparagraphs (1) to (5), except as provided in section 2393, subsection 1, paragraph A, subparagraph (3), division (d) and section 2393, subsection 1, paragraph B, subparagraph (6), division (d). See Maine Revised Statutes Title 24-A Sec. 2392
- Department: means the Department of Health and Human Services. See Maine Revised Statutes Title 22 Sec. 1-A
- Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
- Employer: means any employer in the State that, at any time relevant under this chapter, is required under the Workers' Compensation Act to secure workers' compensation benefits for its employees. See Maine Revised Statutes Title 24-A Sec. 2392
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Expense constant: means a premium charge approved by the superintendent that applies to every policy, in addition to other premium charges, covering expenses such as those for issuing, recording and auditing that are common to all workers' compensation policies regardless of premium size. See Maine Revised Statutes Title 24-A Sec. 2392
- Fresh start period: means the period from January 1, 1988 to December 31, 1992. See Maine Revised Statutes Title 24-A Sec. 2392
- health insurance: means insurance of human beings against bodily injury, disablement or death by accident or accidental means, or the expense thereof, or against disablement or expense resulting from sickness, and every insurance appertaining thereto, including provision for the mental and emotional welfare of human beings by defraying the costs of legal services only to the extent provided for in chapter 38. See Maine Revised Statutes Title 24-A Sec. 704
- in writing: include printing and other modes of making legible words. See Maine Revised Statutes Title 1 Sec. 72
- Information security program: means the administrative, technical and physical safeguards that a licensee uses to access, collect, distribute, process, protect, store, use, transmit, dispose of or otherwise handle nonpublic information. See Maine Revised Statutes Title 24-A Sec. 2263
- Initial surcharge period: means the period from July 1, 1995 to June 30, 2003. See Maine Revised Statutes Title 24-A Sec. 2392
- Insured employer: means an employer in the State that, on or after July 1, 1995, secures or continues to secure workers' compensation benefits under the Workers' Compensation Act for its employees through the purchase of an insurance policy. See Maine Revised Statutes Title 24-A Sec. 2392
- Insurer: means every insurer or group of affiliated insurers authorized to provide workers' compensation insurance in the State at any time during the fresh start period. See Maine Revised Statutes Title 24-A Sec. 2392
- Large deductible policy: means a workers' compensation policy written with a per occurrence deductible in excess of $5,000 or a medical deductible in excess of $500. See Maine Revised Statutes Title 24-A Sec. 2392
- Licensee: means a person licensed, authorized to operate or registered or required to be licensed, authorized or registered pursuant to the insurance laws of this State. See Maine Revised Statutes Title 24-A Sec. 2263
- live birth: as used in this chapter , shall mean a product of conception after complete expulsion or extraction from its mother, irrespective of the duration of pregnancy, which breathes or shows any other evidence of life such as beating of the heart, pulsation of the umbilical cord or definite movement of voluntary muscles, whether or not the umbilical cord has been cut or the placenta is attached. See Maine Revised Statutes Title 22 Sec. 1595
- Major insurer: means any insurer that was designated by the superintendent as a servicing carrier in the workers' compensation residual market in the State as of October 1, 1986. See Maine Revised Statutes Title 24-A Sec. 2392
- manual premium: means the workers' compensation premium that would have been applicable to the individual self-insured employer if calculated using the advisory loss costs in effect at the time the surcharge is due multiplied by 1. See Maine Revised Statutes Title 24-A Sec. 2392
- Minor insurer: means any insurer other than a major insurer. See Maine Revised Statutes Title 24-A Sec. 2392
- Month: means a calendar month. See Maine Revised Statutes Title 1 Sec. 72
- National Association of Insurance Commissioners: means the National Association of Insurance Commissioners or its successor organization of insurance regulators. See Maine Revised Statutes Title 24-A Sec. 15
- Net direct written premium: means the Maine direct gross premiums charged less all return premiums, except dividends and savings refunded under participating policies, returned to policyholders for all Workers' Compensation and Occupational Disease Insurance written in this State. See Maine Revised Statutes Title 24-A Sec. 2392
- Nonpublic information: means information that is not publicly available information and is:
A. See Maine Revised Statutes Title 24-A Sec. 2263Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period. Plan year: means , for an employer, the period beginning on the self-insured employer's plan approval or renewal date and ending the day before the next plan renewal or anniversary date. See Maine Revised Statutes Title 24-A Sec. 2392 Policy year: means the following:
A. See Maine Revised Statutes Title 24-A Sec. 2392Pool: means the Maine Workers' Compensation Residual Market Pool described in and governed by chapter 440. See Maine Revised Statutes Title 24-A Sec. 2392 Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way. Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide. Residual market: means the instrument to provide coverage to employers not able to obtain coverage in the voluntary market. See Maine Revised Statutes Title 24-A Sec. 2392 residual market mechanism: means the workers' compensation residual market mechanism described in and governed by Chapter 440. See Maine Revised Statutes Title 24-A Sec. 2392 Self-insured employer: means an employer that, on or after July 1, 1995, secures or continues to secure workers' compensation through a self-insured program under the Workers' Compensation Act as approved by the superintendent pursuant to the provisions of Title 39?A, section 403, subsection 3. See Maine Revised Statutes Title 24-A Sec. 2392 Self-insured group or groups: means a self-insured group approved by the superintendent pursuant to chapter 250, section 3. See Maine Revised Statutes Title 24-A Sec. 2392 Subpoena: A command to a witness to appear and give testimony. Succession transaction: means an asset sale, merger, consolidation, reorganization or restructuring that creates a successor self-insured employer. See Maine Revised Statutes Title 24-A Sec. 2392 Successor self-insured employer: means any self-insured employer that is a successor entity to another employer or employers doing business in this State. See Maine Revised Statutes Title 24-A Sec. 2392 Superintendent: means the Superintendent of Insurance. See Maine Revised Statutes Title 24-A Sec. 2392 Surchargeable premium: means :
A. See Maine Revised Statutes Title 24-A Sec. 2392Testify: Answer questions in court. timely payment: means payment by the party responsible for the payments on or before the due date specified in this chapter. See Maine Revised Statutes Title 24-A Sec. 2392 United States: includes territories and the District of Columbia. See Maine Revised Statutes Title 1 Sec. 72 Voluntary market: means the workers' compensation insurance market in which insurance companies voluntarily offer coverage to applicants who meet the insurers' underwriting standards or guidelines. See Maine Revised Statutes Title 24-A Sec. 2392 Year: means a calendar year, unless otherwise expressed. See Maine Revised Statutes Title 1 Sec. 72