{"data":{"id":"us-me/24-a-m.r.s.-3708","jurisdiction":"us-me","citation":"24-A M.R.S. §3708","heading":"General powers","body":"1.  Powers.  For the specific purpose of exercising the responsibilities granted in this chapter and effectuating the purposes of this  chapter, the company has the powers otherwise granted to a casualty insurer and may:\nA.  Hire employees or enter into contracts relating to the administration of a workers' compensation insurer;\nB.  Declare a dividend when there is an excess of assets over liabilities and surplus requirements established in this Title; and\nC.  Enter into agreements to reinsure all or part of the company's exposure to loss and to otherwise limit the risk to the company and manage its financial condition.\n2.  Assessments; plan of operation.  The board shall:\nA.  Assess policyholders to cover its expenses, claims, obligations and other funding needs consistent with this chapter and Title; and\nB.  Develop and file with the superintendent for review and approval a plan of operation and any amendments to a plan of operation necessary or suitable to ensure the fair, reasonable and equitable administration of the company.","path":["TITLE 24-A: MAINE INSURANCE CODE","CHAPTER 52: MAINE EMPLOYERS' MUTUAL INSURANCE COMPANY"],"source_url":"https://legislature.maine.gov/statutes/24-A/title24-Asec3708.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:33Z","sha256":"064817adb96b5cf361dbba2d84fa2921d50b04e11609a32e1dfc9aeaecc1bd76","source_id":"us-me","stale":false,"prev":"us-me/24-a-m.r.s.-3707","next":"us-me/24-a-m.r.s.-3709"},"notice":"GroundRules: Original legal text. Not legal advice."}