Maine § 24-A §2855 Amounts of insurance

Maine Statutes

§ 24-A §2855 — Amounts of insurance

Maine § 24-A §2855

Title 24-AMAINE INSURANCE CODE

Ch. 37CONSUMER CREDIT INSURANCE

This text of Maine § 24-A §2855 (Amounts of insurance) 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 §2855 (2026).

Text

1.Credit life insurance.

2.Agricultural credit commitments. Notwithstanding subsection 1, paragraph A, insurance on agricultural credit transaction commitments not exceeding 2 years in duration may be written up to the amount of the loan commitment, on a nondecreasing or level term plan.

3.Educational credit commitments. Notwithstanding subsection 1, paragraph A, insurance on educational credit transaction commitments may be written for the amount of the portion of such commitment that has not been advanced by the creditor.

4.Credit health insurance.

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1.
Credit life insurance.
2.
Agricultural credit commitments.
Notwithstanding subsection 1, paragraph A, insurance on agricultural credit transaction commitments not exceeding 2 years in duration may be written up to the amount of the loan commitment, on a nondecreasing or level term plan.
3.
Educational credit commitments.
Notwithstanding subsection 1, paragraph A, insurance on educational credit transaction commitments may be written for the amount of the portion of such commitment that has not been advanced by the creditor.
4.
Credit health insurance.