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PUBLIC LAWS OF MAINE
First Regular Session of the 121st

CHAPTER 310
S.P. 438 - L.D. 1347

An Act To Clarify the Authority of the Attorney General To Seek Restitution and To Require the Superintendent of Insurance To Investigate Certain Insurance Practices

Be it enacted by the People of the State of Maine as follows:

     Sec. 1. 24-A MRSA §214, sub-§2, as amended by PL 1973, c. 585, §12, is further amended to read:

     2. If the superintendent has reason to believe that any person has violated any provision of this Title, or of other law as applicable to insurance operations, for which criminal prosecution is provided and would be in order, he the superintendent shall give the information relative thereto to the Attorney General. The Attorney General shall promptly institute such action or proceedings, including, but not limited to, actions or proceedings to seek restitution, against such that person as in his the Attorney General's opinion the information may require or justify.

     Sec. 2. Report on insurance practices. The Superintendent of Insurance shall prepare a report that addresses the market conditions for property and casualty insurance in this State with a particular emphasis on homeowners' insurance and commercial insurance coverage for small businesses.

     1. At a minimum, the report must include:

     2. In preparing the report, the Superintendent of Insurance shall use the following methodology.

     3. The Superintendent of Insurance shall submit the report no later than January 5, 2004 to the Joint Standing Committee on Insurance and Financial Services. The committee may report out legislation to the Second Regular Session of the 121st Legislature to address issues related to the market conditions for property and casualty insurance.

Effective September 13, 2003, unless otherwise indicated.

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