LD 238
pg. 2
Page 1 of 2 PUBLIC Law Chapter 49 LD 238 Title Page
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LR 1506
Item 1
 
discontinue business in a line of insurance subject to this subchapter,
the superintendent may authorize the nonrenewal of policies in that line
of business if the plan filed by the insurer demonstrates the
availability of equivalent replacement policies for all policyholders at
the same or lower rates substantially similar coverage in the admitted
market. The nonrenewal of a policyholder pursuant to this section may
not be considered by an insurer in future coverage determinations. An
insurer may resume transacting business in a line of insurance
discontinued pursuant to this section upon written notification to the
superintendent.

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