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2012 Maine Revised Statutes
TITLE 24-A: MAINE INSURANCE CODE
Chapter 24-A: PROTECTION OF BENEFICIARIES OF STRUCTURED SETTLEMENTS
24-A §2245. Prohibitions


24-A ME Rev Stat § 2245 (2012 through 125th Legis) What's This?

§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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