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Maine.gov > PFR Home > Insurance Regulation > Administrative & Enforcement Actions > INS-10-305_American Community Mutual Insurance Company

 

 

 

CERTIFIED MAIL

 

November 23, 2010

Mr. James Gerber, Deputy Rehabilitator
Office of Financial and Insurance Regulation
Dept. of Energy, Labor & Economic Growth
P.O. Box 30220
Lansing, MI 48909-7720

Re: American Community Mutual Insurance Company
Order of Suspension of Certificate of Authority
Docket No. INS 10-305

 

Dear Mr. Gerber:

On April 8, 2010 American Community Mutual Insurance Company was placed into Rehabilitation pursuant to Order of the Circuit Court for the 30th Judicial Circuit, Ingham County Court, Case No. 10-397-CR. Due to these actions in the state of domicile, American Community Mutual Insurance Company does not qualify for continuing authority to transact insurance in the State of Maine pursuant to the provisions of 24-A M.R.S.A. §§417(2)(A) and 417(3).

In light of the foregoing, please be advised that the Certificate of Authority of American Community Mutual Insurance Company to transact insurance in Maine is hereby suspended indefinitely, effective immediately. During the term of the suspension, American Community Mutual Insurance Company may not transact any new insurance business in Maine, but will be allowed to continue to renew and service existing business. American Community Mutual Insurance Company will continue to be responsible for filing its annual statement and for paying any required fees, licenses and taxes. The Rehabilitator consents on behalf of American Community Mutual Insurance Company to the entry of this Order of Suspension on the basis of the Company's Rehabilitation. Therefore, pursuant to 5 M.R.S.A. § 9053(2), the hearing provided under 24-A M.R.S.A. § 417(3) is deemed to be waived. This order constitutes a final agency action of the Superintendent of Insurance.

 

Per Order of

_________________________
Mila Kofman
Superintendent of Insurance

 


 

 

Last Updated: January 22, 2014