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2011 Maine Revised Statutes
TITLE 24-A: MAINE INSURANCE CODE
Chapter 23: TRADE PRACTICES AND FRAUDS
24-A §2162-A. Payment of dividend conditioned upon renewal; unfair trade practice


24-A ME Rev Stat § 2162-A (2011 through 125th Legis) What's This?

§2162-A. Payment of dividend conditioned upon renewal; unfair trade practice

It is an unfair trade practice to make the payment of a policy dividend or any portion of a dividend conditioned upon renewal of the policy or contracts. This section does not apply to the first year dividend on life insurance policies. [1985, c. 548, (NEW).]

SECTION HISTORY

1985, c. 548, (NEW).

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