Maine Statutes
§ 24-A §3004-A — Actual cash value
Maine § 24-A §3004-A
This text of Maine § 24-A §3004-A (Actual cash value) 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 §3004-A (2026).
Text
1.Actual cash value.
"Actual cash value", as used in section 3002, means the replacement cost of an insured item of property at the time of loss, less the value of physical depreciation as to the item damaged. "Physical depreciation" means a value as determined according to standard business practices.
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Legislative History
PL 1989, c. 316, §2 (NEW).
Nearby Sections
15
§ 24 §1
Insurance contract§ 24 §1002
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Assigned risks; reinsurance§ 24 §1008
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Annual report; examinations§ 24 §1013
Filing fees§ 24 §1051
Automobile physical damage insuranceCite This Page — Counsel Stack
Bluebook (online)
Maine § 24-A §3004-A, Counsel Stack Legal Research, https://law.counselstack.com/statute/me/24-A%20%C2%A73004-A.