Maine § 24-A §4120 Life benefit certificate provisions, standard and prohibited

Maine Statutes

§ 24-A §4120 — Life benefit certificate provisions, standard and prohibited

Maine § 24-A §4120

Title 24-AMAINE INSURANCE CODE

Ch. 55FRATERNAL BENEFIT SOCIETIES

This text of Maine § 24-A §4120 (Life benefit certificate provisions, standard and prohibited) 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 §4120 (2026).

Text

A life benefit certificate may not be delivered or issued for delivery in this State unless a copy of the form has been filed with the superintendent and approved by the superintendent as conforming to the requirements of this section and not inconsistent with any other provisions of law applicable thereto. For each such form filing, the society shall pay the superintendent a fee that must be the same as for an insurer, as provided in section 601. A certificate is deemed approved unless disapproved by the superintendent within 60 days from the date of that filing.

1.The certificate shall contain in substance the following standard provisions or, in lieu thereof, provisions which are more favorable to the member:

2.No life benefit certificate may be delivered or issued for delivery in thi

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A life benefit certificate may not be delivered or issued for delivery in this State unless a copy of the form has been filed with the superintendent and approved by the superintendent as conforming to the requirements of this section and not inconsistent with any other provisions of law applicable thereto. For each such form filing, the society shall pay the superintendent a fee that must be the same as for an insurer, as provided in section 601. A certificate is deemed approved unless disapproved by the superintendent within 60 days from the date of that filing.
1.
The certificate shall contain in substance the following standard provisions or, in lieu thereof, provisions which are more favorable to the member:
2.
No life benefit certificate may be delivered or issued for delivery in this State containing in substance any of the following provisions:
3.
The word "premiums" as used in this chapter means premiums, rates or other required contributions by whatever name known.

Legislative History

PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD). PL 1981, c. 188, §5 (AMD). PL 1983, c. 419, §11 (AMD). PL 1989, c. 176, §7 (AMD). RR 2015, c. 1, §30 (COR). RR 2021, c. 1, Pt. B, §328 (COR).