CHAPTER 310

S.P. 438 - L.D. 1347

An Act To Clarify the Authority of the Attorney General

To Seek Restitution and To Require the Superintendent

of Insurance To Investigate Certain Insurance Practices

Be it enacted by the People of the State of Maine as follows:

Sec. 1. 24-A MRSA §214, sub-§2, as amended by PL 1973, c. 585, §12, is further amended to read:

2. If the superintendent has reason to believe that any person has violated any provision of this Title, or of other law as applicable to insurance operations, for which criminal prosecution is provided and would be in order, he the superintendent shall give the information relative thereto to the Attorney General. The Attorney General shall promptly institute such action or proceedings, including, but not limited to, actions or proceedings to seek restitution, against such that person as in his the Attorney General's opinion the information may require or justify.

Sec. 2. Report on insurance practices. The Superintendent of Insurance shall prepare a report that addresses the market conditions for property and casualty insurance in this State with a particular emphasis on homeowners' insurance and commercial insurance coverage for small businesses.

1. At a minimum, the report must include:

A. An assessment of recent market trends in those lines of insurance;

B. The identification of problem areas or issues within the market for those lines of insurance and suggestions to