02-031-900 Me. Code R. § 5

Current through 2024-52, December 25, 2024

Section 031-900-5 - Definitions

For the purpose of this Rule, the following terms have the following meanings:

A. "Commercial Insurance" means commercial property and casualty insurance.

B. "Producer" means a person or agency licensed under Title 24-A M.R.S.A. Chapter 16, or otherwise acting, as a property and casualty insurance producer. "Producer" includes resident and nonresident licensees.

C. "Insurer" means any company, association, organization, partnership, syndicate, business trust, corporation or legal entity engaged as an indemnitor or surety, holding a certificate of authority issued by the Superintendent or authorized as an eligible surplus lines insurer by the Superintendent.

D. "Superintendent" means the Superintendent of the Maine Bureau of Insurance.

02-031 C.M.R. ch. 900, § 5