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Me. Rev. Stat. tit. 24-A, § 9

"Transacting insurance" defined

Known as the Maine Insurance Code

The act spans §§ 1 to 15 (16 sections).

PL 1969, c. 132, §1 (NEW).

In addition to other aspects of insurance operations to which provisions of this Title by their terms apply, "transact" with respect to a business of insurance includes any of the following, whether by mail or any other means:

1. Solicitation or inducement;

2. Negotiations;

3. Effectuation of a contract of insurance;

4. Transaction of matters subsequent to effectuation and arising out of such a contract.

Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.