§2863. Existing insurance; choice of insurer
When credit life insurance or credit health insurance is required as additional security for any indebtedness, the debtor shall, upon request to the creditor, have the option of furnishing the required amount of insurance through existing policies of insurance owned or controlled by the debtor or of procuring and furnishing the required coverage through any insurer authorized to transact such insurance within this State. [RR 2021, c. 1, Pt. B, §252 (COR).]
SECTION HISTORY
PL 1969, c. 132, §1 (NEW). RR 2021, c. 1, Pt. B, §252 (COR).
Structure Maine Revised Statutes
TITLE 24-A: MAINE INSURANCE CODE
Chapter 37: CONSUMER CREDIT INSURANCE
24-A §2851. Scope of provisions
24-A §2852. Purpose; construction
24-A §2855. Amounts of insurance
24-A §2857. Policy provisions; delivery or disclosure to debtors
24-A §2858. Filing, approval and withdrawal of forms, rates; appeals
24-A §2859. Premium rates; refunds; accounts credited when insurance not issued
24-A §2860. Authorized insurer, agent required
24-A §2861. Premium not deemed interest; amount, collection