Maine § 24-A §2863 Existing insurance; choice of insurer

Maine Statutes

§ 24-A §2863 — Existing insurance; choice of insurer

Maine § 24-A §2863

Title 24-AMAINE INSURANCE CODE

Ch. 37CONSUMER CREDIT INSURANCE

This text of Maine § 24-A §2863 (Existing insurance; choice of insurer) 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 §2863 (2026).

Text

When credit life insurance or credit health insurance is required as additional security for any indebtedness, the debtor shall, upon request to the creditor, have the option of furnishing the required amount of insurance through existing policies of insurance owned or controlled by the debtor or of procuring and furnishing the required coverage through any insurer authorized to transact such insurance within this State.

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When credit life insurance or credit health insurance is required as additional security for any indebtedness, the debtor shall, upon request to the creditor, have the option of furnishing the required amount of insurance through existing policies of insurance owned or controlled by the debtor or of procuring and furnishing the required coverage through any insurer authorized to transact such insurance within this State.