LL Surplus Lines Series (Entry 30): Maine Issues Bulletin Explaining the Conditions for Surplus Lines Placement
By EsqSocial Corporation 21/04/21
On April 14, 2021, the Maine’s Bureau of Insurance issued Bulletin 457 to explain the general conditions and requirements for surplus lines placements, and to reaffirm to producers their obligations and responsibilities under Maine law. As we note below, Maine maintains some of the strictest surplus lines protocols in the country and attention must be acutely given to Maine’s standards when placing surplus lines business in the state....
By: Locke Lord LLP