24-A §3059. Insurer valuation of property; increase in premium; notice
§3059. Insurer valuation of property; increase in premium; notice 1. Increase in valuation. If an insurer determines that the stated insured value of a property covered by a policy subject to this subchapter should be increased to depict more accurately its current value and the increase in valuation will result in an increase in premium […]
24-A §3060. Insurance coverage for family child care providers
§3060. Insurance coverage for family child care providers 1. Evidence of business liability insurance. An insurer may not refuse to issue or renew a policy covering the primary residence of a family child care provider licensed under Title 22, section 8301‑A, subsection 3 or cancel such policy within the first 90 days of coverage unless […]
24-A §3061. Uniform policy standards concerning hurricane deductible programs
§3061. Uniform policy standards concerning hurricane deductible programs The superintendent shall adopt rules establishing procedures and standards for an insurer that uses a hurricane deductible program or programs regarding the applicability of hurricane deductibles. Procedures and standards must include without limitation uniform policy standards and the form of notice that the insurer must provide to […]
24-A §3051. Notice of intent
§3051. Notice of intent An insurer may not fail to renew a policy except by notice to the insured as provided in this subchapter. A notice of intention not to renew is not effective unless received by the named insured at least 30 days prior to the expiration date of the policy. Like notice must […]
24-A §3052. Duplicate coverage
§3052. Duplicate coverage If an insured obtains a replacement policy which provides equal or more extensive coverage for any property designated in both policies, the first insurer’s coverage of such property may be terminated by failure to renew as of the effective time and date of the replacement policy, whether or not the first insurer […]
24-A §3053. Renewal not a waiver or estoppel
§3053. Renewal not a waiver or estoppel Renewal of a policy shall not constitute a waiver or estoppel with respect to grounds for cancellation which existed before the effective date of renewal. [PL 1973, c. 239 (NEW).] SECTION HISTORY PL 1973, c. 239 (NEW).
24-A §3054. Hearing before Superintendent of Insurance
§3054. Hearing before Superintendent of Insurance A named insured who has received a statement of reason for cancellation, or of reason for an insurer’s intent not to renew a policy, may, within 30 days of the receipt of a statement of reason, request a hearing before the Superintendent of Insurance. The purpose of this hearing […]
24-A §3055. Superintendent’s authority to suspend
§3055. Superintendent’s authority to suspend In the event of impairment or serious financial difficulty of an insurer or insurers, the superintendent shall have the authority to suspend the provisions of the Maine Property Insurance Cancellation Control Act from applying to the policies of the financially distressed insurer or insurers. [PL 1977, c. 414, §6 […]
24-A §3055-A. Discontinuance of a line of business
§3055-A. Discontinuance of a line of business If an insurer files a plan with the superintendent to discontinue business in a line of insurance subject to this subchapter, the superintendent may authorize the nonrenewal of policies in that line of business if the plan filed by the insurer demonstrates the availability of substantially similar coverage […]
24-A §3056. Nonliability for certain statements
§3056. Nonliability for certain statements 1. Notices. Except as provided in Title 10, chapter 209‑B, no insurer or licensed agent or employee of the insurer may be held liable in any civil action for statements made in a notice of cancellation or intent not to renew under this chapter if: A. The statements were […]