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Me. Rev. Stat. tit. 24-A, § 9

"Transacting insurance" defined

Known as the Maine Insurance Code

The act spans §§ 1–15 (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.