Maine Statutes
§ 24-A §2555 — Inclusion of nursing home benefits in life insurance policies
Maine § 24-A §2555
This text of Maine § 24-A §2555 (Inclusion of nursing home benefits in life insurance policies) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Me. Rev. Stat. tit. 24-A, § 24-A §2555 (2026).
Text
1.In order to offer a life insurance policy providing for acceleration of life insurance or annuity benefits in advance of the time the benefits would otherwise be payable because of confinement to a nursing home or long-term care facility, receipt of home health care or hospice care benefits, diagnosis of terminal illness or for substantially similar reasons, the insurer must have a certificate of authority to transact life or life and health insurance in this State.
2.The superintendent shall promulgate reasonable rules, in accordance with the Maine Administrative Procedure Act, Title 5, chapter 375, to provide for the full and fair disclosure of information in connection with the sale of the policies referred to in subsection 1, and may include, but are not limited to, definitions, ac
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Legislative History
PL 1989, c. 26 (NEW).
Nearby Sections
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Insurance contract§ 24 §1002
Formation of corporation; guaranty fund; authority to write business; liability of policyholder§ 24 §1004
Assigned risks; reinsurance§ 24 §1008
Calls for payments; proceeds§ 24 §1012
Annual report; examinations§ 24 §1013
Filing fees§ 24 §1051
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Bluebook (online)
Maine § 24-A §2555, Counsel Stack Legal Research, https://law.counselstack.com/statute/me/24-A%20%C2%A72555.