Maine Revised Statutes
Chapter 31: GROUP LIFE INSURANCE
24-A §2623. Death pending conversion

§2623. Death pending conversion
The group life insurance policy must contain a provision that if a person insured under the policy, or the insured dependent of a covered person, dies during the period within which the person would have been entitled to have an individual policy issued to the person in accordance with section 2621 or 2622 and before such an individual policy becomes effective, the amount of life insurance that the person would have been entitled to have issued to the person under such individual policy is payable as a claim under the group policy, whether or not application for the individual policy or the payment of the first premium therefor has been made.   [RR 2021, c. 2, Pt. A, §74 (COR).]
SECTION HISTORY
PL 1969, c. 132, §1 (NEW). PL 1981, c. 150, §27 (AMD). RR 2021, c. 1, Pt. B, §235 (COR). RR 2021, c. 2, Pt. A, §74 (COR).

Structure Maine Revised Statutes

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 Group contracts must meet group requirements (REPEALED)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 §2602-A. Eligible groups

24-A §2603. Employee groups

24-A §2604. Debtor groups (REPEALED)

24-A §2604-A. Debtor groups

24-A §2605. Labor union groups (REPEALED)

24-A §2605-A. Labor union groups

24-A §2606. Trustee groups (REPEALED)

24-A §2606-A. Trustee groups

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 Trade association groups (REPEALED)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 Municipal employees association groups (REPEALED)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 Professional association groups (REPEALED)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 Credit union groups (REPEALED)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 Dependents' coverage (REPEALED)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 Limit as to amount of insurance (REPEALED)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 §2612-A. Other groups

24-A §2613. Provisions required in group contracts

24-A §2614. Grace period

24-A §2615. Incontestability

24-A §2616. Application; statements deemed representations

24-A §2617. Insurability

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 Rate of premiums (REPEALED)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

24-A §2628. Total disability

24-A §2629. Acquired Immune Deficiency Syndrome

24-A §2630. Suicide