Me. Stat. tit. 24-A § 2004

Current through 131st (2023-2024) Legislature Chapter 684

Section 2004 - Conditions for export

If certain insurance coverages cannot be procured from authorized insurers, such coverages, hereinafter designated "surplus lines," may be procured from unauthorized insurers, subject to the following conditions: [1969, c. 132, §1(NEW).]

1. The insurance must be procured through a licensed producer with surplus lines authority.

[1997, c. 592, §50(AMD).]

2. The desired coverage is necessary for the adequate protection of a risk in the State.

[1969, c. 132, §1(NEW).]

3. It may be written under the laws of this State by an authorized insurer.

[1969, c. 132, §1(NEW).]

4. The insurance is not available after diligent effort has been made to place the coverage with authorized insurers.

[1969, c. 132, §1(NEW).]

24-A M.R.S. § 2004

1969, c. 132, § 1 (NEW) . 1997, c. 592, § 50 (AMD) .