Maine Revised Statutes Title 24-A Sec. 6719 – Laws applicable
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Terms Used In Maine Revised Statutes Title 24-A Sec. 6719
- Captive insurance company: means any pure captive insurance company, sponsored captive insurance company, association captive insurance company or industrial insured captive insurance company formed or licensed under this chapter. See Maine Revised Statutes Title 24-A Sec. 6701
An insurance law of this State, other than described or referenced in this chapter, does not apply to a captive insurance company. This exclusion must be strictly construed so as to further the public policy in favor of providing alternative means for providing insurance coverage. [PL 2011, c. 90, Pt. I, §8 (AMD).]
SECTION HISTORY
PL 1997, c. 435, §1 (NEW). PL 2011, c. 90, Pt. I, §8 (AMD).