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2011 Maine Revised Statutes
TITLE 24-A: MAINE INSURANCE CODE
Chapter 24-A: PROTECTION OF BENEFICIARIES OF STRUCTURED SETTLEMENTS
24-A §2245. Prohibitions
Universal Citation:
24-A ME Rev Stat § 2245 (2011 through 125th Legis)
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§2245. Prohibitions
1. Prohibition against waiver. The provisions of this chapter may not be waived.
[ 1999, c. 268, §2 (NEW) .]
2. Prohibition against penalty. A payee who proposes to make a transfer of structured settlement payment rights may not incur a penalty, forfeit an application fee or other payment or otherwise incur any liability to the proposed transferee based on the failure of that transfer to satisfy the conditions of section 2243.
[ 1999, c. 268, §2 (NEW) .]
SECTION HISTORY
1999, c. 268, §2 (NEW).
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