General Information:

  1. Maine maintains a list of eligible surplus lines insurers (see Other Comments section #1).
  2. Maine does not have a Surplus Line Association; however, there is a New England SLA which Maine brokers may become members of.
  3. Maine does not have an Export List.
  4. Maine does have an industrial insured exemption with respect to captive insurers only (see Appendix C) and also recognizes the NRRA exempt commercial purchaser exemption.
  5. Surplus lines tax: 3% of difference between gross premiums and return premiums (within 45 days of end of each quarter and annually), payable by broker.
  6. Maine has not affiliated with any existing compact at this time, but Title 36, § 2532 of the Maine Tax Code gives the Tax Assessor the authority to enter into a multistate agreement under the NRRA after consulting with the Bureau of Insurance and industry stakeholders and conducting a fiscal analysis.
  7. Bureau of Insurance Bulletin 378, issued June 17, 2011, discusses NRRA implementation in Maine. Bureau of Insurance Bulletin 414, issued June 16, 2016, discusses placement of insurance in the Surplus Lines Market and supplements, but does not replace Bulletin 378.
  8. Maine does not allow domestic surplus lines insurers in the state.

Eligibility and Filing Requirements (Alien Insurers Only):

A surplus lines broker may place insurance with an alien insurer if that insurer is listed on the Quarterly List of Alien Insurers maintained by the NAIC. 24-A MRSA § 2007(5).

Eligibility and Filing Requirements (Foreign Insurers Only):

A surplus lines broker may place insurance with a nonadmitted insurer not domiciled in the U.S if:

  • The insurer is authorized to place that type of insurance in its domiciliary jurisdiction; and
  • The insurer has capital and surplus, or its equivalent under the laws of its domiciliary jurisdiction, that is the greater of the minimum capital and surplus requirements under the laws of this state or $15 million.

The insurance commissioner may waive the minimum capital and surplus requirements for unauthorized foreign insurers if he makes an affirmative finding of acceptability after considering: quality of management, capital and surplus of a parent company, company underwriting profit and investment trends, market availability, and company record and reputation within the industry. The commissioner may not make a finding of acceptability if the insurer’s capital and surplus is under $4.5 million. 24-A MRSA § 2007(4).

Types of Insurance Exempted from Surplus Lines Regulation. (See Other Comments section #3):

  1. Wet marine and transportation insurance.
  2. Insurance on subjects located, resident, or to be performed wholly outside of Maine, or on vehicles or aircraft owned and principally garaged outside Maine.
  3. Insurance on operations of railroads engaged in transportation in interstate commerce and their property used in such operations.
  4. Insurance of aircraft owned or operated by manufacturers of aircraft or of aircraft operated in commercial interstate flight or cargo of such aircraft or against liability other than workers’ compensation and employers’ liability arising out of the ownership, maintenance or use of such aircraft.

Other Comments or Requirements:

  1. Eligibility list available at this company licensing search engine at
  2. The most effective way to get approval as a surplus lines insurer in Maine is to provide a unique or “special” program for which there is a “need” in Maine.
  3. Exempted coverages (1-4 above) must be placed with an eligible surplus lines insurer; however, surplus lines brokers are not required to perform a diligent search of the admitted market prior to placing the coverage.
  4. Per Title 24-A § 2412-A of the Maine Insurance Laws, any contract of insurance issued to a large commercial policyholder pursuant to this section, is also exempt from the diligent search requirement.
  5. Every insurance contract procured and delivered as a surplus lines coverage must have stamped upon it, and bearing the name of the producer with surplus lines authority who procured it, the following:
    “This insurance contract is issued pursuant to the Maine Insurance Laws by an insurer neither licensed by nor under the jurisdiction of the Maine Bureau of Insurance.”