At the end of each calendar year, the association shall submit a report of its activities to the joint standing committee of the Legislature having jurisdiction over banking and insurance matters. The report must include the amount of assessments made against each account, the name of the insolvent insurer to which the assessments are attributable and the amount of funds borrowed, if any, by the association and the repayment date of any loan.
Me. Rev. Stat. tit. 24-A, § 4452
Report to Legislature
Known as the Maine Insurance Guaranty Association Act
The act spans §§ 4431–4452 (24 sections).
PL 1989, c. 751, §7 (NEW).
Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.