§6819.__Civil remedies; individual remedy

1.__Civil remedies and enforcement. In addition to the penalties available pursuant to section 6814, the superintendent may assess fines or take any other enforcement action permitted under section 12-A against any person who violates any provision of this chapter.

2. Superior Court action.__Any person who is injured by any action of a person in violation of this chapter may bring an action in Superior Court. The requirements for notice and filing of a cause of action under this subsection are governed by the Maine Rules of Civil Procedure. The person may recover damages, together with costs and disbursements.

3. No private right of action. Except as specifically provided in subsection 2, this chapter provides no express or implied private right of action.

Sec. 19. Bureau of Insurance report. The Superintendent of Insurance shall prepare a report that addresses the market conditions for life settlements in this State and identifies any problem areas or issues within the market for life settlements, including any consumer complaints received by the Bureau of Insurance. The superintendent shall submit the report no later than February 1, 2006 to the joint standing committee of the Legislature having jurisdiction over insurance and financial services matters. The committee may report out legislation to the Second Regular Session of the 122nd Legislature to make any changes to the laws regulating life settlements.