LD 1853
pg. 12
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LR 2725
Item 1

 
$300,000 and__any limits of liability for additional
coverages, including coverage for loss or damage to other
structures or tangible personal property or for loss of use,
may not count toward the maximum coverage limits applicable to
the dwelling or any liability coverage;

 
O.__Establish procedures for the efficient, economical, fair
and nondiscriminatory administration of the program;

 
P.__Authorize the governing committee to assess member
insurers for reasonable expenses incurred in administering
the program;

 
Q.__Establish procedures to govern a member insurer's
withdrawal from the program; and

 
R.__Include any other procedures or operational matters
considered necessary by the governing committee with the
approval of the superintendent.

 
7. Operation of program contingent upon approval. The program
may not become operational until rules have been adopted as
required by this section and the superintendent has approved the
plan of operation in accordance with subsection 6.

 
8.__Rulemaking.__In accordance with subsection 4, the
superintendent__may__adopt rules to implement this section.__
Rules adopted pursuant to this subsection are routine technical
rules under Title 5, chapter 375, subchapter 2-A.__Rules adopted
under this section may include:

 
A.__The designation of underserved areas or risk types;

 
B.__Reasonable limitations on underwriting guidelines
applicable to all member insurers for the issuance of basic
property and casualty insurance through the program;

 
C.__A writing level based on net direct premiums under which
an insurer may seek to limit its participation or seek
exemption from participation in the program;

 
D.__Maximum allowable caps on rating surcharges and
limitations on rating rules for risks written through the
program;

 
E.__The process by which the superintendent may suspend or
terminate the program; and

 
F.__Any other provisions necessary to implement the
requirements of this section.


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