Maine Revised Statutes > Title 5 > Part 4 > Chapter 161 – Divestiture of State Funds


§ 1957	Limitation on investment in fossil fuel companies; divestment
§ 1958	For-profit prisons

Terms Used In Maine Revised Statutes > Title 5 > Part 4 > Chapter 161 - Divestiture of State Funds

Archery equipment: means a bow or crossbow. See Maine Revised Statutes Title 12 Sec. 10001
Association: means the Maine Insurance Guaranty Association. See Maine Revised Statutes Title 24-A Sec. 2392
Board: means the governing board of the Maine Workers' Compensation Residual Market Pool. See Maine Revised Statutes Title 24-A Sec. 2392
Caucus: From the Algonquian Indian language, a caucus meant "to meet together." An informal organization of members of the legislature that exists to discuss issues of mutual concern and possibly to perform legislative research and policy planning for its members. There are regional, political or ideological, ethnic, and economic-based caucuses.
Consumer: means an individual, including but not limited to an applicant for insurance, policyholder, insured, beneficiary, claimant or certificate holder, who is a resident of this State and whose nonpublic information is in a licensee's possession, custody or control. See Maine Revised Statutes Title 24-A Sec. 2263
Conviction: A judgement of guilt against a criminal defendant.
Cybersecurity event: means an event resulting in unauthorized access to, disruption of or misuse of an information system or information stored on an information system. See Maine Revised Statutes Title 24-A Sec. 2263
Delinquent insurer: means an insurer that has not timely paid in full that insurer's allocated share pursuant to section 2393, subsection 1, paragraph A, subparagraphs (1) or (2) or section 2393, subsection 1, paragraph B, subparagraphs (1) to (5), except as provided in section 2393, subsection 1, paragraph A, subparagraph (3), division (d) and section 2393, subsection 1, paragraph B, subparagraph (6), division (d). See Maine Revised Statutes Title 24-A Sec. 2392
Department: means the Department of Health and Human Services. See Maine Revised Statutes Title 22 Sec. 1582
Employer: means any employer in the State that, at any time relevant under this chapter, is required under the Workers' Compensation Act to secure workers' compensation benefits for its employees. See Maine Revised Statutes Title 24-A Sec. 2392
Expense constant: means a premium charge approved by the superintendent that applies to every policy, in addition to other premium charges, covering expenses such as those for issuing, recording and auditing that are common to all workers' compensation policies regardless of premium size. See Maine Revised Statutes Title 24-A Sec. 2392
Firearm: means any instrument used in the propulsion of pellets, shot, shells or bullets by action of gunpowder, compressed air or gas exploded or released within it. See Maine Revised Statutes Title 12 Sec. 10001
Fresh start period: means the period from January 1, 1988 to December 31, 1992. See Maine Revised Statutes Title 24-A Sec. 2392
health insurance: means insurance of human beings against bodily injury, disablement or death by accident or accidental means, or the expense thereof, or against disablement or expense resulting from sickness, and every insurance appertaining thereto, including provision for the mental and emotional welfare of human beings by defraying the costs of legal services only to the extent provided for in chapter 38. See Maine Revised Statutes Title 24-A Sec. 704
Information security program: means the administrative, technical and physical safeguards that a licensee uses to access, collect, distribute, process, protect, store, use, transmit, dispose of or otherwise handle nonpublic information. See Maine Revised Statutes Title 24-A Sec. 2263
Information system: means a discrete set of electronic information resources organized for the collection, processing, maintenance, use, sharing, dissemination or disposition of electronic information, as well as any specialized system such as an industrial or process control system, a telephone switching and private branch exchange system or an environmental control system. See Maine Revised Statutes Title 24-A Sec. 2263
Initial surcharge period: means the period from July 1, 1995 to June 30, 2003. See Maine Revised Statutes Title 24-A Sec. 2392
Insured employer: means an employer in the State that, on or after July 1, 1995, secures or continues to secure workers' compensation benefits under the Workers' Compensation Act for its employees through the purchase of an insurance policy. See Maine Revised Statutes Title 24-A Sec. 2392
Insurer: means every insurer or group of affiliated insurers authorized to provide workers' compensation insurance in the State at any time during the fresh start period. See Maine Revised Statutes Title 24-A Sec. 2392
Large deductible policy: means a workers' compensation policy written with a per occurrence deductible in excess of $5,000 or a medical deductible in excess of $500. See Maine Revised Statutes Title 24-A Sec. 2392
Licensee: means a person licensed, authorized to operate or registered or required to be licensed, authorized or registered pursuant to the insurance laws of this State. See Maine Revised Statutes Title 24-A Sec. 2263
live birth: as used in this chapter , shall mean a product of conception after complete expulsion or extraction from its mother, irrespective of the duration of pregnancy, which breathes or shows any other evidence of life such as beating of the heart, pulsation of the umbilical cord or definite movement of voluntary muscles, whether or not the umbilical cord has been cut or the placenta is attached. See Maine Revised Statutes Title 22 Sec. 1595
Major insurer: means any insurer that was designated by the superintendent as a servicing carrier in the workers' compensation residual market in the State as of October 1, 1986. See Maine Revised Statutes Title 24-A Sec. 2392
manual premium: means the workers' compensation premium that would have been applicable to the individual self-insured employer if calculated using the advisory loss costs in effect at the time the surcharge is due multiplied by 1. See Maine Revised Statutes Title 24-A Sec. 2392
Minor insurer: means any insurer other than a major insurer. See Maine Revised Statutes Title 24-A Sec. 2392
Month: means a calendar month. See Maine Revised Statutes Title 1 Sec. 72
Net direct written premium: means the Maine direct gross premiums charged less all return premiums, except dividends and savings refunded under participating policies, returned to policyholders for all Workers' Compensation and Occupational Disease Insurance written in this State. See Maine Revised Statutes Title 24-A Sec. 2392
Nonpublic information: means information that is not publicly available information and is:

A. See Maine Revised Statutes Title 24-A Sec. 2263

Person: means a human being or an organization. See Maine Revised Statutes Title 12 Sec. 10001

Plan year: means , for an employer, the period beginning on the self-insured employer's plan approval or renewal date and ending the day before the next plan renewal or anniversary date. See Maine Revised Statutes Title 24-A Sec. 2392

Policy year: means the following:

A. See Maine Revised Statutes Title 24-A Sec. 2392

Pool: means the Maine Workers' Compensation Residual Market Pool described in and governed by chapter 440. See Maine Revised Statutes Title 24-A Sec. 2392

Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.

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

residual market mechanism: means the workers' compensation residual market mechanism described in and governed by Chapter 440. See Maine Revised Statutes Title 24-A Sec. 2392

Self-insured employer: means an employer that, on or after July 1, 1995, secures or continues to secure workers' compensation through a self-insured program under the Workers' Compensation Act as approved by the superintendent pursuant to the provisions of Title 39?A, section 403, subsection 3. See Maine Revised Statutes Title 24-A Sec. 2392

Self-insured group or groups: means a self-insured group approved by the superintendent pursuant to chapter 250, section 3. See Maine Revised Statutes Title 24-A Sec. 2392

Subpoena: A command to a witness to appear and give testimony.

Succession transaction: means an asset sale, merger, consolidation, reorganization or restructuring that creates a successor self-insured employer. See Maine Revised Statutes Title 24-A Sec. 2392

Successor self-insured employer: means any self-insured employer that is a successor entity to another employer or employers doing business in this State. See Maine Revised Statutes Title 24-A Sec. 2392

Superintendent: means the Superintendent of Insurance. See Maine Revised Statutes Title 24-A Sec. 2392

Surchargeable premium: means :

A. See Maine Revised Statutes Title 24-A Sec. 2392

Tester of compressed air: means any organization, agency, individual, firm, partnership or corporation that is recognized by the department as qualified to inspect and test suppliers of compressed air. See Maine Revised Statutes Title 22 Sec. 1582

Testify: Answer questions in court.

timely payment: means payment by the party responsible for the payments on or before the due date specified in this chapter. See Maine Revised Statutes Title 24-A Sec. 2392

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. 2392

Wild animal: means a species of mammal, wild by nature, whether or not bred or reared in captivity, as distinguished from the common domestic animals, and includes any physical part of that species of animal. See Maine Revised Statutes Title 12 Sec. 10001