Maine Revised Statutes Title 24-A Sec. 212-A – Parity for insurance agents and brokers
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Terms Used In Maine Revised Statutes Title 24-A Sec. 212-A
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
Notwithstanding any other provision of law, to the extent authorized by the superintendent by rule, a licensed agent or broker has the power to engage in any insurance activity that financial institutions chartered by or otherwise subject to the jurisdiction of the Federal Government are authorized to engage in pursuant to federal law or regulation or by a court of competent jurisdiction. Rules adopted pursuant to this section are routine technical rules as defined in Title 5, chapter 375, subchapter II?A. [PL 1997, c. 207, §3 (NEW).]
SECTION HISTORY
PL 1997, c. 207, §3 (NEW).