02-029-126 Me. Code R. § VII
Current through 2024-51, December 18, 2024
Before any Line of Credit can be approved, the Association must file procedures with the Superintendent of Insurance for assessing its Member Insurers in the event that credit funds are inaccessible. If a dispute between the Association and an issuer affecting access to a Credit is not resolved within 7 days, the Superintendent of Insurance may order an assessment, to be collected by the Association or its servicing agent. Payment of the assessment by Member Insurers shall be due within 30 days after receipt of notice of the assessment; a United States Postal Service Certificate of Mailing shall constitute conclusive proof of receipt on the 5th calendar day after mailing.
02-029 C.M.R. ch. 126, § VII