02-031-235 Me. Code R. § 17
Current through 2025-03, January 15, 2025
An insurer that ceases to be in compliance with the Audit Committee independence requirements of Section 13 as a result of an increase in premium volume or a business combination shall have one calendar year to come into compliance with the new independence requirements. An insurer that becomes subject to a reporting requirement as a result of an increase in premium volume or a business combination shall have two calendar years to come into compliance with the new reporting requirements.
02-031 C.M.R. ch. 235, § 17