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 §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 […]