Title 9-A, Title 9-A

The provisions of Title 24‑A, section 2857, shall apply to insurance provided or to be provided in relation to a consumer credit transaction.

1. In applying the provisions of this Act on unconscionability, sections 5‑108 and 6‑111, to a separate charge for insurance, consideration shall be given, among other factors, to: A. Potential benefits to the consumer including the satisfaction of the consumer's obligations; [RR…

1. Except as provided in subsection 2, if a creditor contracts for or receives a separate charge for insurance, the amount charged to the consumer for the insurance may not exceed the premium to be charged by the insurer, as computed at the time the charge to the consumer is dete…

The provisions of Title 24‑A, sections 2859, 2860, and 2861, shall apply to insurance provided or to be provided in relation to a consumer credit transaction.

The provisions of Title 24‑A, section 2863 shall apply to insurance provided or to be provided in relation to a consumer credit transaction.

The provisions of Title 24‑A, section 2856, subsection 4 and section 2859, shall apply to insurance provided or to be provided in relation to a consumer credit transaction.

The administrator and the Superintendent of Insurance are authorized and directed to consult and assist one another in maintaining compliance with Parts 1, 2 and 3 of this Article. They may jointly pursue investigations, prosecute suits and take other official action as may seem …

1. To the extent of required responsibility under Parts 1, 2 and 3 of this Article, the Superintendent of Insurance shall issue rules with respect to insurers, and with respect to refunds, section 4‑108, forms, schedules of premium rates and charges, section 4‑203, and the Superi…

The provisions of Title 24‑A, section 2856, shall apply to insurance provided or to be provided in relation to a consumer credit transaction.

The provisions of Title 24‑A, section 2855, shall apply to insurance provided or to be provided in relation to a consumer credit transaction.

The provisions of Title 24‑A, section 2858, shall apply to insurance provided or to be provided in relation to a consumer credit transaction.

A creditor who provides consumer credit insurance in relation to open-end credit shall, at least annually, inform the consumer of the voluntary nature of the insurance and of the consumer's right to cancel that insurance at will.

The following provisions apply to insurance provided or to be provided in relation to a consumer credit transaction: [PL 1997, c. 315, §6 (NEW).] 1. A creditor may not contract for or receive a separate charge for insurance against loss of or damage to property unless: A. The ins…

If a creditor contracts for or receives a separate charge for insurance against loss of or damage to property, the risk of loss or damage not willfully caused by the consumer is on the consumer only to the extent of any deficiency in the effective coverage of the insurance, even …

A creditor may not request cancellation of a policy of property or liability insurance except after the consumer's default or in accordance with a written authorization by the consumer and until written notice is delivered to the consumer or mailed to the consumer at the consumer…

1. Scope. This Part applies to supervised lenders who are not supervised financial organizations. 2. Exceptions. Except for sections 4‑402 and 4‑405, this Part does not apply to group health and group life insurance to the extent authorized by Title 24‑A, chapters 31 and 35 when …

A supervised lender and any affiliate may become licensed under Title 24‑A as an insurance producer or consultant for the sale of insurance products in this State and may act as an insurance producer or consultant for the sale of insurance products in this State.

As used in this Part, unless the context otherwise indicates, the following terms have the following meanings. [PL 1997, c. 315, §8 (NEW).] 1. Affiliate. "Affiliate" means any of the following entities: A. A subsidiary of a supervised lender; [PL 1997, c. 315, §8 (NEW).] B. An en…

A supervised lender or its affiliate that negotiates or sells insurance products to purchasers or borrowers as authorized under section 4‑402 may not, in connection with the extension of credit, interfere with a purchaser's or borrower's free choice of an insurance producer or co…

A supervised lender, a subsidiary of a supervised lender or an entity of which a supervised lender is a subsidiary may not sell in any manner an insurance product as authorized under section 4‑402 or fix or vary the consideration for that product on the condition, agreement, requ…

To the extent practicable, sales of insurance products authorized by this Part must take place in a manner that minimizes customer confusion between any noninsurance product offered by the supervised lender or its affiliates and those insurance products. A supervised lender, or i…

The Superintendent of Financial Institutions, the Superintendent of Insurance and the Superintendent of Consumer Credit Protection may undertake joint rulemaking, pursuant to this section, Title 9‑B, section 448, subsection 5 and Title 24‑A, section 1443‑A, subsection 3 to carry …