02-031-860 Me. Code R. § 9
Current through 2024-52, December 25, 2024
Whenever it appears to the Superintendent from any annual or quarterly statement or trusteed surplus statement or any other report that a U.S. branch's trusteed surplus is reduced below the greater of minimum capital and surplus or the authorized control level risk based capital required to be maintained by a domestic insurer licensed to transact the same kinds of insurance, the Superintendent may proceed against the insurer pursuant to the provisions of Chapters 5 and 57 of Title 24-A M.R.S.A. as an insurer whose condition is such that its further transaction of business in the United States will be hazardous to its policyholders, its creditors or the public in the United States.
02-031 C.M.R. ch. 860, § 9