Maine § 24-A §2707 Grace period

Maine Statutes

§ 24-A §2707 — Grace period

Maine·Title 24-A MAINE INSURANCE CODE·Ch. 33 HEALTH INSURANCE CONTRACTS

There shall be a provision as follows:
A grace period of . . . . ., insert a number not less than "7" for weekly premium policies, "10" for monthly premium policies and "31" for all other policies, days will be granted for the payment of each premium falling due after the first premium, during which grace period the policy shall continue in force.
A policy in which the insurer reserves the right to refuse any renewal shall have, at the beginning of the above provision:
Unless not less than 30 days prior to the premium due date the insurer has delivered to the insured or has mailed to the insured's last address as shown by the records of the company written notice of its intention not to renew this policy beyond the period for which the premium has been accepted.

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There shall be a provision as follows:
A grace period of . . . . ., insert a number not less than "7" for weekly premium policies, "10" for monthly premium policies and "31" for all other policies, days will be granted for the payment of each premium falling due after the first premium, during which grace period the policy shall continue in force.
A policy in which the insurer reserves the right to refuse any renewal shall have, at the beginning of the above provision:
Unless not less than 30 days prior to the premium due date the insurer has delivered to the insured or has mailed to the insured's last address as shown by the records of the company written notice of its intention not to renew this policy beyond the period for which the premium has been accepted.

Maine § 24-A §2707 (Grace period) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.