Learn About The Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 01, 2025 | Updated by Findlaw Staff
1. There is created in the State Treasury a dedicated account to be designated the “Insurance Regulatory Fund,” the funds of which are hereby appropriated for the partial support and maintenance of the Insurance Bureau.
2. The Treasurer of State shall credit the following funds to the Insurance Regulatory Fund:
A. The balance, if any, remaining on January 1, 1970 of funds allocated to the bureau pursuant to Title 24, section 372;
B. Fees, licenses and other charges collected and remitted by the superintendent under section 601 (fee schedule), or as increased pursuant to section 428 (retaliatory provision);
C. Repealed. Laws 1997, c. 457, § 22, eff. June 11, 1997.
D. Amounts assessed by the superintendent under Title 24, section 2332;
E. Amounts assessed by the superintendent under section 237;
F. Amounts assessed by the superintendent under Title 39-A, section 409; and
G. Such other amounts as may be expressly required by law to be so credited.
3. Expenditures by the bureau from the Insurance Regulatory Fund shall be subject to budget control in the same manner as applies to departments of State in general.
Cite this article: FindLaw.com - Maine Revised Statutes Title 24-A. Maine Insurance Code § 604. Insurance Regulatory Fund - last updated January 01, 2025 | https://codes.findlaw.com/me/title-24-a-maine-insurance-code/me-rev-st-tit-24-a-sect-604/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)