In an earlier notice, within the Department of Professional and Financial Regulation, the Superintendent of the Maine Bureau of Insurance proposed to repeal Rule 160: “Summary Requirements for Qualifying Status to Transact ‘Export Lines’ of Insurance With Respect to Qualified Surplus Lines Insurer Risks That Are Residently Located or to be Executed in Maine.” In its place, the department will adopt chapter 161 of the rules: “Surplus Lines Insurers.” The Insurance Bureau says the new rule will replace Rule 160 and update provisions related to surplus lines insurers to reflect changes made to the statute by P.L. 2025, Chapter 53 (LD 1837); A measure signed as Public Law 2025, Chapter 348 on June 17, 2025, includes the repeal and replacement of 24-A MRS § 2009, revising Maine’s surplus lines notice requirements, effective September 24, 2025.
Maine proposes sweeping changes to surplus lines insurer rules & more related News Here
