Maine Revised Statutes Title 24-A Sec. 4452 – Report to Legislature
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Terms Used In Maine Revised Statutes Title 24-A Sec. 4452
- Account: means any one of the 3 accounts created by section 4436. See Maine Revised Statutes Title 24-A Sec. 4435
- Association: means the Maine Insurance Guaranty Association created under section 4436. See Maine Revised Statutes Title 24-A Sec. 4435
- Insolvent insurer: means a member insurer:
A. See Maine Revised Statutes Title 24-A Sec. 4435Jurisdiction: (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. Year: means a calendar year, unless otherwise expressed. See Maine Revised Statutes Title 1 Sec. 72
At the end of each calendar year, the association shall submit a report of its activities to the joint standing committee of the Legislature having jurisdiction over banking and insurance matters. The report must include the amount of assessments made against each account, the name of the insolvent insurer to which the assessments are attributable and the amount of funds borrowed, if any, by the association and the repayment date of any loan. [PL 1989, c. 751, §7 (NEW).]
SECTION HISTORY
PL 1989, c. 751, §7 (NEW).