Maine Code § 24-A-4374

Termination of rehabilitation
Open in Lexace · Ask the AI about this section
If at any time the court finds, after hearing in open court, upon petition of the superintendent or of
the insurer or of the court's own motion, that the objectives of an order to rehabilitate a domestic insurer
or an alien insurer domiciled in this State have been accomplished, and that the insurer can be returned
to its own management without further jeopardy to the insurer and its creditors or policyholders or
stockholders or to the public, the court may, upon a full report and accounting by the superintendent
relative to the conduct of the insurer's affairs during the rehabilitation and of the insurer's current

financial condition, terminate the rehabilitation and by order return the insurer, its assets and affairs, to
the insurer's management. [RR 2021, c. 1, Pt. B, §370 (COR).]

‹ Prev All Maine sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.