Insurance contracts procured as surplus line coverage from nonadmitted insurers in accordance with this chapter are fully valid and enforceable as to all parties, and must be given recognition in all matters and respects to the same effect as like contracts issued by authorized insurers.
Me. Rev. Stat. tit. 24-A, § 2010
Surplus lines insurance valid
Known as the Surplus Lines Law
The act spans §§ 2001–2020 (23 sections).
PL 1969, c. 132, §1 (NEW)
Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.