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 §3007. Cancellation and nonrenewal
§3007. Cancellation and nonrenewal 1. As used in this section, unless the context indicates otherwise, the following terms have the following meanings. A. “Cancellation” means termination of a policy at a date other than its expiration date. [PL 1985, c. 671, §2 (NEW).] B. “Expiration date” means the date upon which coverage under […]
24-A §3049-A. Transfer on death deed; provision and cancellation of property insurance
§3049-A. Transfer on death deed; provision and cancellation of property insurance 1. Definitions. As used in this section, unless the context otherwise indicates, the following terms have the following meanings. A. “Designated beneficiary” has the same meaning as in Title 18‑C, section 6‑402, subsection 2. [PL 2021, c. 497, §1 (NEW).] B. “Insurable […]
24-A §3020. Policy and deposit note one contract; insolvency; liability of insured; note surrendered
§3020. Policy and deposit note one contract; insolvency; liability of insured; note surrendered 1. A policy of insurance issued by a fire or marine insurer, domestic or foreign, and a deposit note given therefor are one contract. A loss under such policy or other equitable claims may be proved in defense to the note, though […]
24-A §3050. Delivery of notice
§3050. Delivery of notice A notice of cancellation of a policy is not effective unless received by the named insured at least 20 days prior to the effective date of cancellation, or, when the cancellation is for nonpayment of premium, at least 10 days prior to the effective date of cancellation. Like notice must also […]
24-A §3021. Lien on insured real estate
§3021. Lien on insured real estate Any fire insurer shall have a lien against the insured, on the buildings insured and the land appurtenant thereto, for the amount at any time due on the note referred to in section 3020, to commence from the time of the recording of the same, and to continue 60 […]
24-A §3022. Lien continues on deceased’s property; policy descends to estate
§3022. Lien continues on deceased’s property; policy descends to estate Upon the death of a member, the lien of the insurer remains good on the property insured to the amount due on the deposit note, and the policy descends to the executor or administrator of the deceased for the benefit of the estate during its […]
24-A §3030. Lien established; application of payments
§3030. Lien established; application of payments The mortgagee of any real estate or the mortgagee of any personal property has a lien upon any policy of insurance against loss by fire procured thereon by the mortgagor, to take effect from the time the mortgagee files with the insurer, at its home office, a written notice, […]
24-A §3031. Enforcement of lien
§3031. Enforcement of lien If the mortgagor does not consent as provided for in section 3030, the mortgagee of any real estate may, at any time within 60 days after a loss, and the mortgagee of any personal property may at any time within 30 days after a loss, enforce the mortgagee’s lien by a […]