The Superintendent shall, within 45 days upon receipt of a complete application, review and approve or disapprove the applicant as a reinsurer for self-insurer workers' compensation on risks resident to the State of Maine. If at any time the applicant no longer meets the eligibility requirements of this Rule or violates any provision of Title 24-A M.R.S.A., the Superintendent may terminate the applicant's authority to accept reinsurance for self-insured workers' compensation in Maine. The disapproval of applications or termination of authority shall be governed by the procedures established in the Maine Administrative Procedure Act, Title 5 M.R.S.A., Chapter 375, and in Title 24-A M.R.S.A., Chapter 3 to the extent applicable.
02-031 C.M.R. ch. 730, § 9