Maine Revised Statutes Title 24-A Sec. 2391 – Title and scope of chapter
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1. Title. This chapter may be known and cited as “The Workers’ Compensation Residual Market Deficit Resolution and Recovery Act.”
[PL 1995, c. 289, §11 (NEW).]
Terms Used In Maine Revised Statutes Title 24-A Sec. 2391
- Residual market: means the instrument to provide coverage to employers not able to obtain coverage in the voluntary market. See Maine Revised Statutes Title 24-A Sec. 2392
2. Scope. This chapter establishes an efficient and effective mechanism for funding the obligations of the residual market mechanism in the State arising from workers’ compensation insurance policies with initial effective dates or renewal dates between January 1, 1988 and December 31, 1992.
[PL 1995, c. 289, §11 (NEW).]
SECTION HISTORY
PL 1995, c. 289, §11 (NEW).