Allows qualifying religious organizations to self-insure for automobile insurance in Maine.
This bill allows qualifying religious organizations to self-insure for automobile insurance in Maine. It requires the organization to meet specific criteria, including being recognized by the IRS and holding a common belief in mutual financial assistance. The Secretary of State can grant a certificate of self-insurance if the organization meets requirements such as financial solvency and no unsatisfied judgments. The certificate does not apply to certain vehicles like commercial trucks or emergency vehicles.
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