§2907. Coverage for sales tax credit
All contracts of motor vehicle casualty insurance delivered or issued for delivery in this State covering motor vehicles registered in this State shall provide coverage for the value of the sales tax credit that would have been available upon trade thereof at the highest book value at the time of loss or destruction of the insured vehicle. [PL 1973, c. 219 (NEW).]
SECTION HISTORY
PL 1973, c. 219 (NEW).
Structure Maine Revised Statutes
TITLE 24-A: MAINE INSURANCE CODE
Chapter 39: CASUALTY INSURANCE CONTRACTS
Subchapter 1: GENERAL PROVISIONS
24-A §2901. Contracts subject to general provisions
24-A §2902. Uninsured vehicle coverage; insolvency of insurer
24-A §2902-A. Household exclusion (REPEALED)
24-A §2902-B. Motorcycle passenger exclusion
24-A §2902-C. Refusal to issue insurance prohibited
24-A §2902-D. Family exclusions prohibited
24-A §2902-E. Limitation on surcharge
24-A §2902-F. Volunteer drivers
24-A §2902-G. Discounted premiums for older drivers
24-A §2903. Liability absolute when loss occurs
24-A §2904. Judgment creditor may have insurance; exceptions
24-A §2907. Coverage for sales tax credit
24-A §2908. Cancellation and nonrenewal
24-A §2909. Insurance for dealers and transporters
24-A §2910. Loss information to be supplied