Maine § 24-A §2855 Amounts of insurance

Maine Statutes

§ 24-A §2855 — Amounts of insurance

Maine·Title 24-A MAINE INSURANCE CODE·Ch. 37 CONSUMER CREDIT INSURANCE

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.

Maine § 24-A §2855 (Amounts of insurance) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.