™Your Policy Risk Impact Agent
84 chapters · 1,755 sections in this title.
24-A M.R.S. § 2601 Scope of chapter -- short title
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1. This chapter applies only to group life insurance. 2. This chapter does not apply to any contracts or policies entered into or issued prior to August 6, 1949 nor to any extensions, renewals or modifications thereof or amendments thereto whenever made. 3. This chapter may be kn…
24-A M.R.S. § 2602-A Eligible groups
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Except as provided in section 2612‑A, no policy of group life insurance may be delivered in this State unless it conforms to one of the descriptions in sections 2603 to 2610‑A.
24-A M.R.S. § 2603 Employee groups
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The lives of a group of individuals may be insured under a policy issued to an employer or to the trustees of a fund established by an employer, which employer or trustees are considered the policyholder, to insure employees of the employer for the benefit of persons other than t…
24-A M.R.S. § 2604-A Debtor groups
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The lives of a group of individuals may be insured under a policy issued to a creditor or its parent holding company or to a trustee or trustees or agent designated by 2 or more creditors, which creditor, holding company, affiliate, trustee, trustees or agent is considered the po…