Maine Revised Statutes Title 24-A Sec. 3702 – Definitions
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As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 1991, c. 615, Pt. D, §1 (NEW).]
1. Board. “Board” means the Board of Directors of the Maine Employers’ Mutual Insurance Company.
[PL 1991, c. 615, Pt. D, §1 (NEW).]
Terms Used In Maine Revised Statutes Title 24-A Sec. 3702
- Board: means the Board of Directors of the Maine Employers' Mutual Insurance Company. See Maine Revised Statutes Title 24-A Sec. 3702
- Company: means the Maine Employers' Mutual Insurance Company created in section 3703. See Maine Revised Statutes Title 24-A Sec. 3702
- Maine-based employer: means an employer with a principal place of business located in this State. See Maine Revised Statutes Title 24-A Sec. 3702
- Superintendent: means the Superintendent of Insurance. See Maine Revised Statutes Title 24-A Sec. 3702
- Voluntary market: means the workers' compensation insurance market in which insurance companies voluntarily offer coverage to applicants who meet the insurers' underwriting standards or guidelines. See Maine Revised Statutes Title 24-A Sec. 3702
2. Company. “Company” means the Maine Employers’ Mutual Insurance Company created in section 3703.
[PL 1991, c. 615, Pt. D, §1 (NEW).]
3. Division.
[PL 2001, c. 350, §2 (RP).]
3-A. Maine-based employer. “Maine-based employer” means an employer with a principal place of business located in this State.
[PL 1995, c. 551, §3 (NEW).]
4. Superintendent. “Superintendent” means the Superintendent of Insurance.
[PL 1991, c. 885, Pt. C, §2 (NEW).]
5. Voluntary market. “Voluntary market” means the workers’ compensation insurance market in which insurance companies voluntarily offer coverage to applicants who meet the insurers’ underwriting standards or guidelines.
[PL 1991, c. 885, Pt. C, §2 (NEW).]
6. Workers’ compensation residual market mechanism. “Workers’ compensation residual market mechanism” means the instrument to provide coverage to employers not able to obtain coverage in the voluntary market that immediately preceded the Maine Employers’ Mutual Insurance Company.
[PL 2001, c. 350, §3 (AMD).]
SECTION HISTORY
PL 1991, c. 615, §D1 (NEW). PL 1991, c. 885, §C2 (AMD). PL 1995, c. 551, §3 (AMD). PL 1997, c. 661, §2 (AMD). PL 2001, c. 350, §§2,3 (AMD).