02-031-860 Me. Code R. § 5

Current through 2024-52, December 25, 2024
Section 031-860-5 - Maintenance of Trust Account

The assets in the trust account shall be known as "trusteed assets" and shall at all times be in an amount equal to the U.S. branch's reserves and other liabilities plus the greater of the minimum capital and surplus or authorized control level risk based capital required to be maintained by a domestic insurer licensed to do the same kind of insurance.

02-031 C.M.R. ch. 860, § 5