Maine Statutes
§ 24-A §2550 — Inclusion of lapse of time considerations
Any paid-up annuity, cash surrender or death benefits available at any time, other than on the contract anniversary under any contract with fixed scheduled considerations, shall be calculated with allowance for the lapse of time and the payment of any scheduled considerations beyond the beginning of the contract year in which cessation of payment of considerations under the contract occurs.
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Maine § 24-A §2550 (Inclusion of lapse of time considerations) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
PL 1979, c. 442, §4 (NEW).
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