Maine Statutes

§ 24-A §2245 — Prohibitions

Maine·Title 24-A MAINE INSURANCE CODE·Ch. 24-A PROTECTION OF BENEFICIARIES OF STRUCTURED SETTLEMENTS
1.Prohibition against waiver. The provisions of this chapter may not be waived.
2.Prohibition against penalty. A payee who proposes to make a transfer of structured settlement payment rights may not incur a penalty, forfeit an application fee or other payment or otherwise incur any liability to the proposed transferee based on the failure of that transfer to satisfy the conditions of section 2243.

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Legislative History

PL 1999, c. 268, §2 (NEW).

Nearby Sections

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