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Maine.gov > PFR Home > Insurance Regulation > Administrative & Enforcement Actions > INS-10-302_American Network Insurance Company

 

 

March 9, 2010

 

Mr. Joseph Di Memmo
Deputy for Rehabilitations and Liquidations
Pennsylvania Insurance Department
Office of Corporate and Financial Regulation
1345 Strawberry Square
Harrisburg, PA 17 120

Re:

American Network Insurance Company
Suspension of Certificate of Authority in Maine
Docket No. INS 10-302

Dear Deputy Di Memmo:

American Network Insurance Company has a Certificate of Authority in the State of Maine. Due to Pennsylvania’s January 6, 2009 Order placing the Company into Rehabilitation and the Company’s unsound financial condition, it is necessary to suspend the Company’s Certificate of Authority in Maine.

Pursuant to Title 24-A, M.R.S.A., § 417, Sections (2)A and 3, the Certificate of Authority for American Network Insurance Company is suspended indefinitely, effective immediately. Per your email to Lauri Cooper of this office, it is understood that the Company has waived the right to a hearing. Thus, a hearing has not been scheduled. The Company will continue to be responsible for filing its Annual Statement and for paying any required fees, licenses and taxes.

Pursuant to Title 24-A M.R.S.A. §§ 229 and 419(1), the Company may, at any time, file with the Superintendent a request to lift the suspension upon a showing that valid grounds for suspension no longer exist, and may petition for an adjudicatory hearing if the request to lift the suspension is denied.

If you have any questions, please contact Lauri Cooper at (207) 624-8464 or via e-mail at laurelyn.s.cooper@maine.gov.

 

Per Order of


_________________________
Mila Kofman
Superintendent of Insurance

 


 

 

Last Updated: January 22, 2014