United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 7, § 85: Fair Fund, 2005

The Treasurer of State must establish the Fair Fund and credit it annually with an amount equal to 5% of the state share under Title 8, section 286. The commissioner must distribute Fair Fund mone…

fundinglicensingpremium apportionment

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01

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“The Treasurer of State must establish the Fair Fund and credit it annually with an amount equal to 5% of the state share under Title 8, section 286. The commissioner must distribute Fair Fund money only to eligible licensees, prorated by premiums actually paid, and subject to premium-related restrictions for stipend ap”

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    Enacted 2005 · Source version 1 Oct 2025. The date shown identifies this source expression and should not be treated as proof that no later change exists.

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Fair Fund

The Treasurer of State must establish the Fair Fund and credit it annually with an amount equal to 5% of the state share under Title 8, section 286. The commissioner must distribute Fair Fund money only to eligible licensees, prorated by premiums actually…

Section 85

04

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Source record from legislature.maine.gov · Enacted 2005 · Source version 1 Oct 2025

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§ 85Fair FundProvision

The Treasurer of State must establish the Fair Fund and credit it annually with an amount equal to 5% of the state share under Title 8, section 286. The commissioner must distribute Fair Fund money only to eligible licensees, prorated by premiums actually paid, and subject to premium-related restrictions for stipend apportionment.

The Treasurer of State shall establish the Fair Fund and shall annually credit a sum of money equal to 5% of the total amount designated as state share in accordance with Title 8, section 286 to the Fair Fund. The commissioner shall make distributions from the Fair Fund only to licensees eligible for a stipend under section 86, subsections 5 and 6. Distributions are prorated according to the amount of premiums actually paid by those licensees in full and in cash or valuable equivalent. Restrictions on premiums used to determine apportionment of a stipend under section 86, subsection 5 apply to distribution from the Fair Fund. [PL 2025, c. 161, §2 (AMD).]
Section 85Verify source

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  • 1 Oct 2025 · currentEnglish

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