Maine § 33 §2071 Deposit account for proceeds of insurance policy or annuity

Maine Statutes

§ 33 §2071 — Deposit account for proceeds of insurance policy or annuity

Maine § 33 §2071

Title 33PROPERTY

Ch. 45MAINE REVISED UNCLAIMED PROPERTY ACT

This text of Maine § 33 §2071 (Deposit account for proceeds of insurance policy or annuity) 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. 33, § 33 §2071 (2026).

Text

If proceeds payable under a life or endowment insurance policy or annuity contract are deposited into an account with check-writing or draft-writing privileges for the beneficiary of the policy or contract and, under a supplementary contract not involving annuity benefits other than death benefits, the proceeds are retained by the insurance company or the financial organization where the account is held, the policy or contract includes the assets in the account.

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If proceeds payable under a life or endowment insurance policy or annuity contract are deposited into an account with check-writing or draft-writing privileges for the beneficiary of the policy or contract and, under a supplementary contract not involving annuity benefits other than death benefits, the proceeds are retained by the insurance company or the financial organization where the account is held, the policy or contract includes the assets in the account.