Maine § 8111. - Bonding and insurance requirements
Full text of Maine Maine Revised Statutes § 8111. — Bonding and insurance requirements, with citation guidance and answers to common questions.
§ 8111.. Bonding and insurance requirements
1. Bonding requirement. A person licensed as a professional investigator shall give to the chief a bond in the sum of $10,000 if the licensee is a resident of the State and in the sum of $50,000 if the licensee is not a resident of the State.
A person licensed as an investigative assistant shall give to the chief a bond in the sum of $20,000.
2. Form of a bond. Each bond must:
A. Be in a form prescribed by the chief; [PL 2011, c. 366, §43 (AMD).]
B. Be executed by the licensee as principal and by a surety company authorized to do business in this State as surety; and [PL 1981, c. 126, §2 (NEW).]
C. Be conditioned upon the honest conduct of the business of the licensee and the right of any person, including the officer of any aggrieved labor union or association, whether or not incorporated, injured by the intentional, knowing, reckless or negligent act of the licensee to bring, in the licensee's own name, an action on the bond. [PL 2011, c. 366, §43 (AMD).]
3. Insurance requirement. A person licensed as a professional investigator shall provide to the chief proof of insurance naming the licensee as the insured issued by an insurer authorized to do business in the State in the amount of a minimum of $10,000 in property damages, $100,000 for injury or death of a person and $200,000 for injuries to or deaths of more than one person arising out of the operation of the licensed activity. Proof of insurance must be submitted to the chief annually.
Frequently Asked Questions About Maine § 8111.
What does Maine Revised Statutes § 8111. cover?
Section 8111. ("Bonding and insurance requirements") is part of the Maine Revised Statutes, the codified statutory law of Maine. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maine § 8111.?
A common citation format is "Maine Revised Statutes § 8111." (Maine). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maine law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maine official source linked on this page or consult a licensed Maine attorney.
How does Maine § 8111. apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maine can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maine.