Pursuant to P.L. Chapter 457, effective June 11, 1997, producers with surplus lines authority are no longer required to file monthly or annual statements of surplus lines business with the Superintendent of Insurance. Reports received by the Superintendent will be returned. The reporting requirements have been replaced by a records retention requirement.
RECORDS RETENTION REQUIREMENT
Pursuant to Title 24-A M.R.S.A. §2016, monthly and quarterly reports must be made available for review by the Superintendent in your office at all times or delivered to the Superintendent within 5 days of request. This retention schedule is for Bureau of Insurance audit purposes only and may not be adequate to protect your other business or legal interests.
For procedures on filing your insurance tax payments, contact the Maine Revenue Services Income/Estate Tax Division at (207) 624-9753.