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subchapter II-A. Nothing in this section is intended to restrict | | or interfere with the ability of the Bureau of Insurance, the | | Bureau of Banking or the Office of Consumer Credit Regulation to | | adopt rules with respect to areas in which the respective agencies | | have independent jurisdiction. |
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| | | Sec. 20. 9-B MRSA §131, sub-§22-D, as enacted by PL 1997, c. 315, §9, | | is amended to read: |
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| | | 22-D. Insurance consultant. "Insurance consultant" means a | | person engaged in the business of an insurance consultant as | defined in Title 24-A, section 1508 |
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| | | Sec. 21. 9-B MRSA §161, sub-§2, ¶K, as amended by PL 1997, c. 315, §11; | | affected by c. 508, Pt. A, §3 and amended by Pt. B, §1, is | | repealed and the following enacted in its place: |
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| | | K.__The examination or furnishing of any financial records | | by a fiduciary institution to any officer, employee or agent | | of the Treasurer of State for use solely in the exercise of | that officer's, employee's or agent's duties under the | Uniform Unclaimed Property Act, |
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| | | Sec. 22. 9-B MRSA §448, sub-§2, ¶A, as enacted by PL 1997, c. 315, | | §17, is amended to read: |
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| | | A. "Affiliate" has the same meaning as defined in Title 24- | A, section 1514-A |
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| | | Sec. 23. 9-B MRSA §448, sub-§5, as enacted by PL 1997, c. 315, §17, | | is amended to read: |
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| | | 5. Rulemaking. The superintendent, Superintendent of | | Insurance and the Director of the Office of Consumer Credit | | Regulation are authorized, pursuant to this subsection, Title 9- | A, section 4-407 and Title 24-A, section 1514-A | subsection 5 | | purpose of subsection 4, including issues regarding signs, the | | physical location of sales of insurance and identification of | | agents and brokers affiliated with financial institutions, credit | | unions, financial institution holding companies or supervised | | lenders. In adopting rules pursuant to this section, the | | superintendent, the Superintendent of Insurance and the Director | | of the Office of Consumer Credit Regulation shall consider the | | possibility of confusion and perception of coercion among the | | insurance consuming public, the need for cost-effective delivery | | of insurance products to insurance consumers and the importance | | of parity among agents and brokers affiliated with federally | | chartered and state-chartered financial institutions and credit | | unions. Any rule adopted may not interfere significantly with |
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