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24-A §2321-D. Advisory organizations; permitted activity

24-A ME Rev Stat § 2321-D (2019) (N/A)
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§2321-D. Advisory organizations; permitted activity

An advisory organization, in addition to other activities not prohibited, is authorized on behalf of its members and subscribers to:   [PL 1989, c. 797, §23 (NEW); PL 1989, c. 797, §§37, 38 (AFF).]

1.  Develop statistical plans including territorial and class definitions;

[PL 1989, c. 797, §23 (NEW); PL 1989, c. 797, §§37, 38 (AFF).]

2.  Collect statistical data from members, subscribers or any other source;

[PL 1989, c. 797, §23 (NEW); PL 1989, c. 797, §§37, 38 (AFF).]

3.  Prepare and distribute prospective loss costs;

[PL 1989, c. 797, §23 (NEW); PL 1989, c. 797, §§37, 38 (AFF).]

4.  Prepare and distribute factors, calculations or formulas pertaining to classification, territory, increased limits and other variables;

[PL 1989, c. 797, §23 (NEW); PL 1989, c. 797, §§37, 38 (AFF).]

5.  Prepare and distribute manuals of rating rules and rating schedules that do not include final rates, expense provisions, profit provisions or minimum premiums;

[PL 1989, c. 797, §23 (NEW); PL 1989, c. 797, §§37, 38 (AFF).]

6.  Distribute information that is required or directed to be filed with the superintendent;

[PL 1989, c. 797, §23 (NEW); PL 1989, c. 797, §§37, 38 (AFF).]

7.  Conduct research and on-site inspections in order to prepare classifications of public fire defenses;

[PL 1989, c. 797, §23 (NEW); PL 1989, c. 797, §§37, 38 (AFF).]

8.  Consult with public officials regarding public fire protection as it would affect members, subscribers and others;

[PL 1989, c. 797, §23 (NEW); PL 1989, c. 797, §§37, 38 (AFF).]

9.  Conduct research and collect statistics in order to discover, identify and classify information relating to causes or prevention of losses;

[PL 1989, c. 797, §23 (NEW); PL 1989, c. 797, §§37, 38 (AFF).]

10.  Prepare policy forms and endorsements and consult with members, subscribers and others relative to their use and application;

[PL 1989, c. 797, §23 (NEW); PL 1989, c. 797, §§37, 38 (AFF).]

11.  Conduct research and on-site inspections for the purpose of providing risk information relating to individual structures;

[PL 1989, c. 797, §23 (NEW); PL 1989, c. 797, §§37, 38 (AFF).]

12.  Collect, compile and distribute past and current prices of individual insurers, and publish such information;

[PL 1989, c. 797, §23 (NEW); PL 1989, c. 797, §§37, 38 (AFF).]

13.  File final rates, at the direction of the superintendent, for residual market mechanisms; and

[PL 1989, c. 797, §23 (NEW); PL 1989, c. 797, §§37, 38 (AFF).]

14.  Furnish any other services, as approved or directed by the superintendent, related to those enumerated in this section.

[PL 1989, c. 797, §23 (NEW); PL 1989, c. 797, §§37, 38 (AFF).]

SECTION HISTORY

PL 1989, c. 797, §§23,37,38 (NEW).

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24-A §2321-D. Advisory organizations; permitted activity