Maine Revised Statutes Title 24-A Sec. 3871 – Time limit for assessments
Current as of: 2023 | Check for updates
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Every subscriber of a domestic reciprocal insurer having contingent liability is liable for, and shall pay the subscriber’s share of any assessment, as computed and limited in accordance with this chapter, if: [RR 2021, c. 1, Pt. B, §319 (COR).]
1. While the subscriber’s policy is in force or within one year after its termination, the subscriber is notified by either the attorney or the superintendent of the superintendent’s intentions to levy such assessment; or
[RR 2021, c. 1, Pt. B, §319 (COR).]
Terms Used In Maine Revised Statutes Title 24-A Sec. 3871
- Attorney: as used in this chapter , refers to the attorney-in-fact of a reciprocal insurer. See Maine Revised Statutes Title 24-A Sec. 3855
- Year: means a calendar year, unless otherwise expressed. See Maine Revised Statutes Title 1 Sec. 72
2. An order to show cause why a receiver, conservator, rehabilitator or liquidator of the insurer should not be appointed is issued while the subscriber’s policy is in force or within one year after its termination.
[PL 2023, c. 405, Pt. A, §92 (AMD).]
SECTION HISTORY
PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD). RR 2021, c. 1, Pt. B, §319 (COR). PL 2023, c. 405, Pt. A, §92 (AMD).