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2012 Maine Revised Statutes
TITLE 24-A: MAINE INSURANCE CODE
Chapter 37: CONSUMER CREDIT INSURANCE
24-A §2863. Existing insurance; choice of insurer


24-A ME Rev Stat § 2863 (2012 through 125th Legis) What's This?

§2863. Existing insurance; choice of insurer

When credit life insurance or credit health insurance is required as additional security for any indebtedness, the debtor shall, upon request to the creditor, have the option of furnishing the required amount of insurance through existing policies of insurance owned or controlled by him or of procuring and furnishing the required coverage through any insurer authorized to transact such insurance within this State. [1969, c. 132, §1 (NEW).]

SECTION HISTORY

1969, c. 132, §1 (NEW).

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