§ 4-401 Scope
§ 4-402 Insurance producer activities
§ 4-403 Definitions
§ 4-404 Choice of insurance producer
§ 4-405 Tie-in arrangements
§ 4-406 Distinguishing insurance products from loan products; identification of insurance producers
§ 4-407 Rulemaking

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Terms Used In Maine Revised Statutes > Title 9-A > Article 4 > Part 4 - Insurance Activities by Supervised Lenders

  • Affiliate: means any of the following entities:
A. See Maine Revised Statutes Title 9-A Sec. 4-403
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Board: means the InforME Board established in section 534. See Maine Revised Statutes Title 1 Sec. 532
  • Contract: A legal written agreement that becomes binding when signed.
  • Conviction: A judgement of guilt against a criminal defendant.
  • 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.
  • Customer: means a person or an authorized representative who has been personally and directly offered or presently maintains an investment security, trust, credit or an insurance product with a supervised lender. See Maine Revised Statutes Title 9-A Sec. 4-403
  • Data custodian: means any branch, agency or instrumentality of State Government or any agency or instrumentality of a political subdivision of the State that gathers, stores or generates public information. See Maine Revised Statutes Title 1 Sec. 532
  • Electronic services: means services provided by InforME through electronic means. See Maine Revised Statutes Title 1 Sec. 532
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • InforME: means the system through which the State electronically provides public information, access to public information and electronic services to individuals, businesses and other entities. See Maine Revised Statutes Title 1 Sec. 532
  • Insurance consultant: means a person engaged in the business of an insurance consultant as defined in Title 24?A, section 1402, subsection 4, 8 or 11. See Maine Revised Statutes Title 9-A Sec. 4-403
  • Insurance producer: means a person required to be licensed as an insurance producer as defined in Title 24?A, section 1402, subsection 5. See Maine Revised Statutes Title 9-A Sec. 4-403
  • Insurance product: means a contract of insurance that is offered for sale by an insurance producer employed by or affiliated with a supervised lender. See Maine Revised Statutes Title 9-A Sec. 4-403
  • 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.
  • lands: includes lands and all tenements and hereditaments connected therewith, and all rights thereto and interests therein. See Maine Revised Statutes Title 1 Sec. 72
  • Legislative session: That part of a chamber's daily session in which it considers legislative business (bills, resolutions, and actions related thereto).
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Municipality: includes cities, towns and plantations, except that "municipality" does not include plantations in Title 10, chapter 110, subchapter IV; or Title 30?A, Part 2. See Maine Revised Statutes Title 1 Sec. 72
  • Network manager: means the person under contract to carry out the duties described in section 535. See Maine Revised Statutes Title 1 Sec. 532
  • Ownership interest: includes general partnership shares, limited partnership shares and shares of stock that possess any voting rights. See Maine Revised Statutes Title 9-A Sec. 4-403
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Personal information: means information about a natural person that readily identifies that specific person. See Maine Revised Statutes Title 1 Sec. 541
  • Public entity: means :
  • A. See Maine Revised Statutes Title 1 Sec. 541
  • Public information: means any information that is:
  • A. See Maine Revised Statutes Title 1 Sec. 532
  • Real estate: includes lands and all tenements and hereditaments connected therewith, and all rights thereto and interests therein. See Maine Revised Statutes Title 1 Sec. 72
  • Subsidiary: means any corporation, partnership, association or other business entity in which either:
  • A. See Maine Revised Statutes Title 9-A Sec. 4-403
  • User: means an individual, business or organization that uses electronic services, whether for a fee or at no charge. See Maine Revised Statutes Title 1 Sec. 532
  • Year: means a calendar year, unless otherwise expressed. See Maine Revised Statutes Title 1 Sec. 72