Maine Statutes
§ 24-A §2536 — Participating, nonparticipating policies -- right to issue
A life insurer may issue policies on either the participating basis or the nonparticipating basis, or on both bases, if the right or absence of right of participation is reasonably related to the premium charged and the insurer is otherwise not in violation of sections 2159 (unfair discrimination -- life insurance, annuities, and health insurance) or 2160 (rebates -- life, health and annuity contracts).
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Maine § 24-A §2536 (Participating, nonparticipating policies -- right to issue) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
PL 1969, c. 132, §1 (NEW).
Nearby Sections
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Insurance contract§ 24 §1002
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Annual report; examinations§ 24 §1013
Filing fees§ 24 §1051
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