24-A §2858. Filing, approval and withdrawal of forms, rates; appeals
§2858. Filing, approval and withdrawal of forms, rates; appeals 1. Forms filed. All policies, certificates of insurance, notices of proposed insurance, applications for insurance, endorsements and riders delivered or issued for delivery in this State and the schedules of premium rates pertaining thereto shall be filed with the superintendent. [PL 1973, c. 585, §12 […]
24-A §2859. Premium rates; refunds; accounts credited when insurance not issued
§2859. Premium rates; refunds; accounts credited when insurance not issued 1. Rates filed; life and health. Any insurer may revise its schedules of premium rates from time to time, and shall file such revised schedules with the superintendent; however, no upward revision in insurance charges to debtors may be made in connection with closed-end credit […]
24-A §2860. Authorized insurer, agent required
§2860. Authorized insurer, agent required All policies of consumer credit insurance may be delivered or issued for delivery in this State only by an insurer authorized to transact such insurance therein, and may be issued only through holders of licenses or authorizations issued by the superintendent. [PL 2001, c. 138, §13 (AMD).] SECTION HISTORY […]
24-A §2860-A. Commissions
§2860-A. Commissions A commission not exceeding 5% of credit life and health insurance premiums, as set forth by rules adopted by the superintendent, may be paid to any creditor who is a licensed credit insurance agent. This section does not prohibit fees paid to a lender for handling or processing credit life or health insurance […]
24-A §2861. Premium not deemed interest; amount, collection
§2861. Premium not deemed interest; amount, collection 1. Except as provided in Title 9‑A, section 4‑104, the premium of cost of such insurance when issued through any creditor shall not be deemed interest, or charges, or consideration, or an amount in excess of permitted charges in connection with the loan or other credit transaction, and […]
24-A §2851. Scope of provisions
§2851. Scope of provisions All life insurance and all health insurance in connection with loans or other credit transactions, credit property insurance, credit involuntary unemployment insurance and other consumer credit insurance specifically authorized by the superintendent in rules adopted pursuant to section 2865 are subject to this chapter, except the following: [PL 2001, c. […]
24-A §2851-A. Short title
§2851-A. Short title This chapter may be known and cited as the “Consumer Credit Insurance Act.” [PL 2001, c. 138, §5 (NEW).] SECTION HISTORY PL 2001, c. 138, §5 (NEW).