Sec. 16. 24-A MRSA §412, sub-§1, as repealed and replaced by PL 1975, c. 77, is amended to read:

1. No insurance company other than a domestic real estate title insurance company or a domestic mutual fire insurance company which that is transacting only the business of fire, marine or glass on the assessment plan shall may do so in this State unless it makes and maintains a deposit with the Superintendent of Insurance, as security for all its policyholders' policyholders, of securities which that are deemed determined eligible for deposit under section 1253. Such The deposit shall must be maintained in a minimum actual market value which that, exclusive of interest, shall may never be less than $100,000. Such The deposit shall must be retained by the superintendent and disposed of as directed by section 1263.

Sec. 17. 24-A MRSA §413-A, sub-§1, as enacted by PL 1995, c. 375, Pt. D, §1, is amended to read:

1. Port of entry. An alien insurer that has been authorized by the superintendent to use the State as its port of entry for the transaction of business in the United States is considered a domestic insurer to the extent provided in this section. An alien insurer that has been approved by another state to use that state as its port of entry is considered to be domiciled in that state in the same manner, if there is a valid reciprocity agreement between that state and this State or if the superintendent has determined that the applicable laws of that state are substantially similar to this section and its implementing rules.

Sec. 18. 24-A MRSA §421, sub-§7 is enacted to read:

7.__Any person or entity required by Title 24 or this Title to appoint an agent for service of process who does not have a valid appointment on file with the superintendent is deemed to have appointed the superintendent as agent for service of process, and process may be served within this State in the same manner as provided in section 2105.__This subsection does not relieve that person or entity from the requirement to appoint an agent for service of process or from the applicable penalties for failure to comply with that requirement.

Sec. 19. 24-A MRSA §731-B, sub-§1, śC, as amended by PL 1993, c. 666, Pt. C, §1, is further amended to read: