Sec. 1. 24-A MRSA §405, sub-§6, as enacted by PL 1969, c. 132, §1, is amended to read:

6. Any suit or action by the duly constituted receiver, rehabilitator or liquidator of the insurer, or of the insurer's assignee or successor, under laws similar to those contained in chapter 57 (delinquency proceedings; rehabilitation and liquidation).; and

Sec. 2. 24-A MRSA §405, sub-§7 is enacted to read:

7.__Transactions pursuant to individual health insurance covering residents of this State written by a foreign insurer or health maintenance organization duly authorized or qualified to transact such insurance in the state or country of its domicile if the superintendent certifies that the foreign insurer or health maintenance organization meets the requirements of section 405-A.

Sec. 3. 24-A MRSA §§405-A and 405-B are enacted to read:

§405-A.__Certification of foreign insurers or health maintenance

organizations to transact individual health insurance

To qualify under this section and section 405, subsection 7, a foreign insurer or health maintenance organization may not transact individual health insurance in this State by mail, the Internet or otherwise unless the superintendent has issued a certification that the requirements of this section have been met as follows:

1.__Certificate of authority from state or country of domicile. The foreign insurer or health maintenance organization holds a valid certificate of authority to transact individual health insurance in the state or country of its domicile;

2.__Compliance with laws of state or country of domicile. Any policy, contract or certificate of individual health insurance offered for sale in this State by a foreign insurer or health maintenance organization complies with the applicable individual health insurance laws in the state or country of its domicile and the policy is actively marketed in that state;

3.__Minimum surplus and reserve levels. The foreign insurer or health maintenance organization maintains minimum capital and surplus requirements and maintains reserves as required by