Bill Summary – FastDemocracy

130th MAINE LEGISLATURE
                  FIRST REGULAR SESSION-2021
Legislative Document                                                                 No. 984
S.P. 314                                                           In Senate, March 9, 2021
           An Act To Allow Procurement of Surplus Lines Insurance for
           Commercial Forestry and Construction Equipment
   Reference to the Committee on Health Coverage, Insurance and Financial Services
suggested and ordered printed.
                                                                     DAREK M. GRANT
                                                                    Secretary of the Senate
Presented by President JACKSON of Aroostook.
Cosponsored by Representative MARTIN of Eagle Lake and
Senators: BLACK of Franklin, DAVIS of Piscataquis, FARRIN of Somerset, Representatives:
MARTIN of Sinclair, NEWMAN of Belgrade.
                                       Printed on recycled paper
 1   Be it enacted by the People of the State of Maine as follows:
 2       Sec. 1. 24-A MRSA §2002-A, sub-§3, ¶D, as amended by PL 2011, c. 331, §2
 3   and affected by §§16 and 17, is further amended to read:
 4       D. Insurance on aircraft owned or operated by manufacturers of aircraft or of aircraft
 5       operated in commercial interstate flight, or cargo of such aircraft, or against liability
 6       other than workers' compensation and employer's liability arising out of the ownership,
 7       maintenance or use of such aircraft; or
 8       Sec. 2. 24-A MRSA §2002-A, sub-§3, ¶E, as enacted by PL 2011, c. 331, §2 and
 9   affected by §§16 and 17, is amended by amending subparagraph (2) to read:
10           (2) The exempt commercial purchaser has subsequently requested in writing for
11           the producer to procure or place such insurance from a nonadmitted insurer.; or
12       Sec. 3. 24-A MRSA §2002-A, sub-§3, ¶F is enacted to read:
13       F. Insurance on commercial forestry and construction equipment, including but not
14       limited to feller bunchers, grapple skidders, delimbers, excavators, backhoes, front-end
15       loaders and backhoe loaders.
16                                         SUMMARY
17       This bill allows insurance producers with surplus lines authority to procure insurance
18   on commercial forestry and construction equipment from eligible surplus lines insurers
19   without adherence to the procedures set forth in the Maine Revised Statutes, Title 24-A,
20   section 2004.
                                        Page 1 - 130LR1511(01)
Statutes affected: 
Bill Text LD 984, SP 314: 24-A.2002