Maine Revised Statutes Title 24-A Sec. 4382 – Report and petition for assessment
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Within 3 years after the date of the entry of an order of rehabilitation or liquidation of a domestic mutual insurer or a domestic reciprocal insurer, the superintendent may make and file the superintendent’s report and petition to the court setting forth: [RR 2021, c. 1, Pt. B, §376 (COR).]
1. The reasonable value of the assets of the insurer;
[PL 1969, c. 132, §1 (NEW).]
Terms Used In Maine Revised Statutes Title 24-A Sec. 4382
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
2. The liabilities of the insurer to the extent thus far ascertained by the superintendent;
[PL 1973, c. 585, §12 (AMD).]
3. The aggregate amount of the assessment, if any, which the superintendent deems reasonably necessary to pay all claims, the costs and expenses of the collection of the assessments and the costs and expenses of the delinquency proceedings in full; and
[PL 1973, c. 585, §12 (AMD).]
4. Any other information relative to the affairs or property of the insurer that the superintendent deems material.
[PL 1973, c. 585, §12 (AMD).]
SECTION HISTORY
PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD). RR 2021, c. 1, Pt. B, §376 (COR).