LD 1990
pg. 3
Page 2 of 10 An Act To Create the Insurance Fraud Division within the Bureau of Insurance ... Page 4 of 10
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LR 3088
Item 1

 
(1)__A document filed with the superintendent or the
insurance regulatory official or agency of a jurisdiction
outside this State;

 
(2)__The financial condition of an insurer;

 
(3)__The formation, acquisition, merger,
reconsolidation, dissolution or withdrawal from one or
more lines of insurance in all or part of this State by
an insurer;

 
(4)__The issuance of written evidence of insurance; or

 
(5)__The reinstatement of an insurance policy;

 
C.__Soliciting or accepting new or renewal insurance risks
on behalf of an insurer or other person engaged in the
business of insurance by a person who knows or should know
that the insurer or other person responsible for the risk is
insolvent at the time of the transaction;

 
D.__Removing, concealing, altering or destroying the assets
or records of an insurer or other person engaged in the
business of insurance;

 
E.__Embezzling, exercising unauthorized control over or
converting money, funds, premiums, credits or other property
of an insurer or other person engaged in the business of
insurance;

 
F.__Transacting the business of insurance in violation of
laws requiring a license, certificate of authority or other
legal authority for the transaction of the business of
insurance; or

 
G.__Attempting to commit, aiding or abetting in the
commission of, or conspiring to commit the acts or omissions
described in this subsection.

 
5.__Insurance deception.__"Insurance deception" has the same
meaning as in Title 17-A, section 354-A.

 
6.__Insurer.__"Insurer" means an authorized insurance company,
reinsurer, surplus lines insurer, unauthorized insurer, nonprofit
hospital and medical service organization, health maintenance
organization, risk retention group or multiple employer welfare
organization.__"Insurer" also includes an insurance producer or
other person acting on the behalf of an insurer.


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