§2931. Purpose The purpose of this chapter is to prevent abuses in connection with sale of casualty and property insurance in this State pursuant to mass marketing plans, while preserving for consumers the potential benefits of this form of marketing. [PL 1973, c. 625, §146 (NEW).] SECTION HISTORY PL 1973, c. 625, §146 (NEW).
§2932. Definitions As used in this chapter, unless the context otherwise indicates, the following words shall have the following meanings. [PL 1973, c. 625, §146 (NEW).] 1. Casualty insurance. “Casualty insurance” means all contracts of insurance covered by section 707. [PL 1973, c. 625, §146 (NEW).] 2. Mass marketing plan. “Mass marketing plan” […]
§2933. Premium rates Premium rates under a mass marketing plan shall comply with all standards set forth in the Maine Insurance Code, including without limitation the requirement that rates shall not be excessive, inadequate or unfairly discriminatory. Rates shall not be deemed to be unfairly discriminatory because different premiums result for policyholders with like loss […]
§2934. Statistics An insurer selling insurance pursuant to mass marketing plans shall maintain separate statistics as to loss and expense experience pertinent thereto. [PL 1973, c. 625, §146 (NEW).] SECTION HISTORY PL 1973, c. 625, §146 (NEW).
§2935. Compulsory participation prohibited An insurer may not sell insurance pursuant to a mass marketing plan, if it is a condition of employment or of membership in an association, organization or other group that any employee or member purchase insurance pursuant to such plan, or if any employee or member is subject to any penalty […]
§2936. Tie-in sales prohibited 1. No insurer shall sell insurance pursuant to a mass marketing plan if: A. Purchase of insurance available under such plan is contingent upon the purchase of any other insurance product or insurance service, or [PL 1973, c. 625, §146 (NEW).] B. The purchase of any other insurance product […]
§2937-A. Disclosure of underwriting A person is deemed to be engaged in deceptive advertising if the person makes, publishes or circulates or causes to be made, published or circulated any written statement relating to an underwritten Maine mass marketing plan, if that written statement does not include a conspicuous notice that some members of the […]
§2937. Disclosure required Every insurer, agent or broker selling insurance pursuant to a mass marketing plan shall, prior to sale, make full and fair disclosure to prospective insureds of all features of such plan, whether favorable or unfavorable, including, but not limited to, the stability of the premium rates, benefits, duration of coverage, policyholder services, […]
§2938-A. Availability The insurer shall file with the superintendent its underwriting rules pertaining to eligibility for the mass marketing plan. No insurer may use underwriting standards for individual risk selection in a mass marketing plan that are, on the whole, more restrictive than the standards used by that insurer for individual risk selection in the […]
§2938. Availability (REPEALED) SECTION HISTORY PL 1973, c. 625, §146 (NEW). PL 1989, c. 192, §3 (RP).
§2939. Cancellation and nonrenewal 1. Cancellation and nonrenewal shall be subject to the applicable provisions set forth elsewhere in this Title. [PL 1973, c. 625, §146 (NEW).] 2. The failure of an employer, association, organization or other group to remit premiums when due for any reason, including, but not limited to, interruption or termination […]
§2940. Applicability This chapter shall be applicable only to insurance policies issued or renewed in this State after November 1, 1973 and is in addition to, and not in substitution for, other applicable requirements of the Maine Insurance Code and bureau regulations. [PL 1973, c. 585, §12 (AMD); PL 1973, c. 625, §146 (NEW).] […]
