{"data":{"id":"us-me/24-a-m.r.s.-6721","jurisdiction":"us-me","citation":"24-A M.R.S. §6721","heading":"Rules for controlled unaffiliated business","body":"The superintendent may adopt rules establishing standards to ensure that a parent or affiliated company is able to exercise control of the risk management function of any controlled unaffiliated business to be insured by a pure captive insurance company. In the absence of any rules, the superintendent may approve the coverage of such risks by a pure captive insurance company upon request. Any rules adopted by the superintendent pursuant to this section are routine technical rules as described in Title 5, chapter 375, subchapter 2‑A.","path":["TITLE 24-A: MAINE INSURANCE CODE","CHAPTER 83: CAPTIVE INSURANCE COMPANIES"],"source_url":"https://legislature.maine.gov/statutes/24-A/title24-Asec6721.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:33Z","sha256":"0297146778325e6136cb19a079bea8b5a80ac42b3ea85f291fb61b554e708931","source_id":"us-me","stale":false,"prev":"us-me/24-a-m.r.s.-6720","next":"us-me/24-a-m.r.s.-6722"},"notice":"GroundRules: Original legal text. Not legal advice."}