§2613. Provisions required in group contracts
No policy of group life insurance may be delivered in this State unless it contains in substance the provisions set forth in this section and sections 2614 to 2628, or provisions which in the opinion of the superintendent are more favorable to the persons insured, or at least as favorable to the persons insured and more favorable to the policyholder, provided: [PL 1981, c. 150, §17 (RPR).]
1. That sections 2619 to 2623 and section 2628 do not apply to policies insuring the lives of debtors;
[PL 1981, c. 150, §17 (RPR).]
2. That the standard provisions required for individual life insurance policies do not apply to group life insurance policies; and
[PL 1981, c. 150, §17 (RPR).]
3. That if the group life insurance policy is on a plan of insurance other than the term plan, it contains a nonforfeiture provision or provisions which in the opinion of the superintendent is or are equitable to the insured persons and to the policyholder, but nothing herein may be construed to require that group life insurance policies contain the same nonforfeiture provisions as are required for individual life insurance policies.
[PL 1981, c. 150, §17 (RPR).]
SECTION HISTORY
PL 1969, c. 132, §1 (NEW). PL 1969, c. 177, §43 (AMD). PL 1973, c. 585, §12 (AMD). PL 1981, c. 150, §17 (RPR).
Structure Maine Revised Statutes
TITLE 24-A: MAINE INSURANCE CODE
Chapter 31: GROUP LIFE INSURANCE
24-A §2601. Scope of chapter -- short title
24-A §2602. Group contracts must meet group requirements (REPEALED)
24-A §2604. Debtor groups (REPEALED)
24-A §2605. Labor union groups (REPEALED)
24-A §2605-A. Labor union groups
24-A §2606. Trustee groups (REPEALED)
24-A §2607. Trade association groups (REPEALED)
24-A §2607-A. Association groups
24-A §2608. Municipal employees association groups (REPEALED)
24-A §2609. Professional association groups (REPEALED)
24-A §2610. Credit union groups (REPEALED)
24-A §2610-A. Credit union groups
24-A §2611. Dependents' coverage (REPEALED)
24-A §2611-A. Dependent's coverage
24-A §2612. Limit as to amount of insurance (REPEALED)
24-A §2613. Provisions required in group contracts
24-A §2616. Application; statements deemed representations
24-A §2618. Misstatement of age
24-A §2619. Payment of benefits
24-A §2620. Information as to insurance
24-A §2621. Conversion on termination of eligibility
24-A §2622. Conversion on termination of policy
24-A §2623. Death pending conversion
24-A §2624. Information to debtor
24-A §2625. Notice as to conversion right
24-A §2626. Rate of premiums (REPEALED)
24-A §2627. Application of dividends, rate reductions (REPEALED)
24-A §2627-A. Dividends and experience refunds