2014 Maine Revised Statutes
TITLE 24-A: MAINE INSURANCE CODE
Chapter 91: SERVICE CONTRACTS
§7107. Cancellation of reimbursement insurance policy
§7107. Cancellation of reimbursement insurance policy
An insurer that issued a reimbursement insurance policy may not cancel or nonrenew the policy for any reason, including at the request of the policyholder, until the insurer has delivered a notice of such action to the superintendent at least 45 days before such action. The cancellation or nonrenewal of a reimbursement insurance policy does not reduce the insurer's obligations as to service contracts issued by providers prior to the date of cancellation or nonrenewal. [2011, c. 345, §4 (NEW); 2011, c. 345, §7 (AFF).]
SECTION HISTORY
2011, c. 345, §4 (NEW). 2011, c. 345, §7 (AFF).
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