§2419. Delivery of policy as to motor vehicle insurance In event the original policy is delivered or is so required to be delivered to or for deposit with any vendor, mortgagee, or pledgee of any motor vehicle, and in which policy any interest of the vendee, mortgagor, or pledgor in or with reference to such […]
§2420. Assignability; rights of insurer, assignee 1. A policy may be assignable or not assignable, as provided or permitted by its terms. [PL 1969, c. 132, §1 (NEW).] 2. Subject to its terms relating to assignability, a life or health insurance policy, whether heretofore or hereafter issued, under the terms of which the beneficiary […]
§2421. Renewal of policy Any policy terminating by its terms at a specified expiration date and not otherwise renewable, may be renewed or extended at the option of the insurer and upon a currently authorized policy form and at the premium rate then required therefor for a specified additional period or periods by a certificate […]
§2422. Notice to, knowledge of agent binding on insurer 1. An agent authorized by an insurer, if the name of such agent is borne on the policy, is the insurer’s agent in all matters of insurance. Any notice required to be given by the insured to the insurer or any of its officers may be […]
§2423. Forms for proof of loss to be furnished An insurer shall furnish, upon written request of any person claiming to have a loss under an insurance contract issued by such insurer, forms of proof of loss for completion by such person, but such insurer shall not, by reason of the requirement so to furnish […]
§2424. Claims administration not waiver Without limitation of any right or defense of an insurer otherwise, none of the following acts by or on behalf of an insurer may be deemed to constitute a waiver of any provision of a policy or of any defense of the insurer thereunder: [RR 2009, c. 2, §67 […]
§2425. Payment discharges insurer Whenever the proceeds of or payments under an insurance policy or annuity contract heretofore or hereafter issued become payable in accordance with the terms of such policy or contract, or the exercise of any right or privilege thereunder, and the insurer makes payment thereof in accordance therewith or in accordance with […]
§2426. Advance payments 1. A payment or payments made by any person, or by the person’s insurer by virtue of an insurance policy, on account of bodily injury or death or damage to or loss of property of another, does not constitute an admission of liability or waiver of defense as to such injury, death, […]
§2427. Minor may give acquittance (REPEALED) SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1979, c. 663, §144 (RP).
§2428. Exemption of proceeds — life, endowment, annuity, accident contracts 1. Certain policies of insurance shall be exempt from claims of creditors, and the rights of beneficiaries and assignees thereof shall be protected, as set forth. [PL 1969, c. 132, §1 (NEW).] 2. Except in cases of transfers with intent to defraud creditors, if […]
§2429. Exemption of proceeds, health insurance Except as may otherwise be expressly provided by the policy or contract, the proceeds or avails of all contracts of health insurance and of provisions providing benefits on account of the insured’s disability that are supplemental to life insurance or annuity contracts heretofore or hereafter effected are exempt from […]
§2430. Exemption of proceeds, group insurance 1. A policy of group life insurance or group health insurance or the proceeds thereof payable to the individual insured or to the beneficiary thereunder, is not liable, either before or after payment, to be applied by any legal or equitable process to pay any debt or liability of […]
§2431. Exemption of proceeds, individual annuity contracts; assignability of rights 1. The benefits, rights, privileges and options which under any individual annuity contract heretofore or hereafter issued are due or prospectively due the annuitant, shall not be subject to execution nor shall the annuitant be compelled to exercise any such rights, powers, or options, nor […]
§2432. Exemption of employee’s interest; group annuities, pension trusts If any group annuity contract or pension trust, whether heretofore or hereafter issued, is effected by an employer for the benefit of the employer’s employees, whether or not requiring any contribution toward the cost thereof by such employees, the interest of any employee, beneficiary or joint […]
§2433. Jurisdiction of courts, limitation of actions No conditions, stipulations or agreements in a contract of insurance shall deprive the courts of this State of jurisdiction of actions against foreign insurers, or limit the time for commencing actions against such insurers to a period of less than 2 years from the time when the cause […]
§2434. Suits against foreign insurers Any person having a claim against any foreign insurer may bring a trustee action or any other appropriate action therefor in the courts of this State. Service of process upon such an insurer must be made as provided in section 421. [PL 1997, c. 457, §43 (AMD).] SECTION HISTORY […]
§2436-A. Unfair claims settlement practices 1. Civil actions. A person injured by any of the following actions taken by that person’s own insurer may bring a civil action and recover damages, together with costs and disbursements, reasonable attorney’s fees and interest on damages at the rate of 1 1/2% per month: A. Knowingly misrepresenting […]
§2436-B. Declaratory judgment actions involving insurance policies 1. Definition. For purposes of this section, “insured” means a natural person and does not include a corporation, trust, partnership, incorporated or unincorporated association or any other legal entity. [PL 2001, c. 126, §1 (NEW).] 2. Costs and attorney’s fees. In an action pursuant to Title 14, […]
§2436. Interest on overdue payments 1. A claim for payment of benefits under a policy or certificate of insurance delivered or issued for delivery in this State is payable within 30 days after proof of loss is received by the insurer and ascertainment of the loss is made either by written agreement between the insurer […]
§2437. Procedures covered by health insurance policies whether performed by physician or dentist Whenever the terms “physician” and “doctor” are used in any policy of health or accident insurance issued in this State, these terms include within their meaning those persons licensed under and in accordance with the laws relating to the practice of dentistry, […]
