Me. Rev. Stat. » Title 24-A
Maine Revised Statutes

Me. Rev. Stat. tit. 24-A, § 4436 (2026)

Creation of the association

✓ current as of May 2026
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There is created a nonprofit unincorporated legal entity to be known as the Maine Insurance Guaranty Association. All insurers defined as member insurers in section 4435 shall be and remain members of the association as a condition of their authority to transact insurance in this State. The association shall perform its functions under a plan of operation established and approved under section 4439 and shall exercise its powers through a board of directors established under section 4437. For purposes of administration and assessment, the association shall be divided into 3 separate accounts:   [PL 1969, c. 561 (NEW).]
1.  The workers' compensation insurance account;  
[PL 1987, c. 707, §7 (AMD).]
2.  The automobile insurance account; except those insurers writing only automobile physical damage insurance, which shall be included in the all other insurance account; and  
[PL 1969, c. 561 (NEW).]
3.  The account for all other insurance to which this subchapter applies.  
[PL 1969, c. 561 (NEW).]
SECTION HISTORY
PL 1969, c. 561 (NEW). PL 1987, c. 707, §7 (AMD).
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Notes of Decisions
Cited in 5 cases, 1993–2019 · leading case: Pinkham v. Morrill, 622 A.2d 90 (Me. 1993).
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Pinkham v. Morrill, 622 A.2d 90 (Me. 1993). “See 24-A M.R.S.A. § 4436. Member insurers are assessed fees which make up the assets of the Association.”
Beane v. Maine Ins. Guar. Ass'n, 916 A.2d 204 (Me. 2007). · cites it 2× “24-A M.R.S. § 4436 (2006). When a liability insurer becomes insolvent, MIGA is deemed the insurer of the policyholder for “the full amount of the covered claim for benefits” up to a limit of $300,000 per *207 claim.”
Arbo v. Tower Grp., Inc. (Me. Super. Ct 2019). “See 24-A M.R.S. § 4436. Among the purposes of the Act are "to provide a mechanism for the payment of covered claims .”
Beane v. Maine Ins. Guar. Ass'n, 2007 ME 40 (Me. 2007). · cites it 2× “24-A M.R.S. § 4436 (2006). When a liability insurer becomes insolvent, MIGA is deemed the insurer of the policyholder for "the full amount of the covered claim for benefits" up to a limit of $300,000 per *207 claim.”
LePage v. Collins (Me. Super. Ct 2007). “24-A M.R.S.A. § 4436. The claims paid and expenses incurred by MIGA are allocated among member insurance companies.”
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