Surplus Lines Insurance (24-A M.R.S. 2001 et seq.)

What this document is

Maine Revised Statutes Title 24-A Chapter 19 - Surplus Lines Insurance (24-A M.R.S. 2001 et seq.) is a state statute published by Maine Legislature, Office of the Revisor of Statutes (legislature.maine.gov). It is one of the Maine documents that insurance license exam questions are written from, including maine property & casualty practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• 24-A M.R.S. § 2002-A(1) (Exemptions from provisions: kinds not eligible for export)

  “1. The following kinds of insurance must be procured from authorized insurers and are not eligible for export in the surplus lines market: A. Life insurance; B. Health insurance, except disability insurance; C. Employee benefit excess insurance; or D. Workers' compensation insurance.”

• 24-A M.R.S. § 2007(3)(C) (Eligible surplus lines insurers: capital and surplus)

  “C. Maintains capital and surplus, or its equivalent under the laws of its state of domicile, in an amount at least equal to the greater of: (1) The minimum capital and surplus that would be required if the insurer were licensed in this State; and (2) $15,000,000.”

Practice this material

Questions about this source

More Maine sources

• Me. Rev. Stat. tit. 24-A, s. 2152: Unfair methods; deceptive acts prohibitedState statute
• Me. Rev. Stat. tit. 24-A, s. 1420-A: Insurance producer licensing definitionsState statute
• Me. Rev. Stat. tit. 24-A, s. 2153: Misrepresentation; false advertising of policiesState statute
• 24-A M.R.S. Chapter 33 - Health Insurance Contracts (Secs. 2701 onward, selected)State statute
• Maine Revised Statutes Title 24-A Chapter 1 - General Definitions and ProvisionsState statute
• Maine Revised Statutes Title 24-A Chapter 17 - Agents, Brokers, Consultants and AdjustersState statute
• Maine Revised Statutes Title 24-A Chapter 21 - Unauthorized Insurers: Prohibitions, Process and AdvertisingState statute
• Maine Revised Statutes Title 24-A Chapter 23 - Trade Practices and FraudsState statute