An Act To Allow A Qualifying Religious Organization To Self-Insure For Automobile Insurance

This bill allows qualifying religious organizations in Maine to self-insure for automobile insurance instead of purchasing standard coverage. To qualify, an organization must be recognized by the IRS under Section 1402(g), operate at least 5 vehicles in Maine, share mutual financial responsibility among members, and prove financial solvency. If approved, the organization must provide a $250,000 irrevocable letter of credit or deposit (increasing by $2,500 per additional vehicle beyond 10) to the Secretary of State, who issues a certificate proving financial responsibility for vehicle registration. This exemption applies only to vehicles owned or operated by the religious organization or its members, not to general drivers.