24-A §2886. Freedom of selection of attorney
§2886. Freedom of selection of attorney Beneficiaries of legal services insurance shall not be required to select an attorney other than one of the beneficiary’s own choosing to provide covered legal services, except for basic legal advice rendered by telephone or mail, as described in this chapter. [PL 1983, c. 801, §11 (NEW).] SECTION […]
24-A §2887. Legal services insurance policy reserves
§2887. Legal services insurance policy reserves For all legal services insurance policies, the insurer shall establish and maintain thereon a reserve which shall place a sound value on its liabilities under those policies and be not less than the reserve according to appropriate standards set forth in rules issued by the superintendent and, in no […]
24-A §2888. Authority of superintendent to adopt additional rules
§2888. Authority of superintendent to adopt additional rules The superintendent may also issue rules regarding the content of legal services insurance policies and marketing arrangements, including delivery of legal services by licensed professionals. [PL 1983, c. 801, §11 (NEW).] Nothing in this chapter may be construed to authorize the practice of law by any […]
24-A §2885. Filing of group manual rates for informational purposes
§2885. Filing of group manual rates for informational purposes No policy of group legal services insurance may be delivered in this State until a copy of the group manual rates to be used in calculating the premium for these policies has been filed for informational purposes with the superintendent. [PL 1983, c. 801, §11 […]
24-A §2881. Exemption from chapter
§2881. Exemption from chapter Legal services insurance, as defined in this chapter, does not include the payment by a voluntary association, other than a voluntary association which is an insurer, on behalf of one of its members of fees, costs or expenses related to or arising out of legal services performed for the member by […]
24-A §2882. Insurers authorized to sell legal services insurance
§2882. Insurers authorized to sell legal services insurance Upon application to an approval by the superintendent, an insurer incorporated by or under the laws of this State or any foreign or alien insurance company duly licensed to transact insurance in its state of domicile may make application for a certificate of authority to transact the […]
24-A §2883. Legal services insurance defined
§2883. Legal services insurance defined “Legal services insurance” is insurance which involves the assumption of a contractual obligation to reimburse the beneficiary against or pay on behalf of the beneficiary all or a portion of the beneficiary’s fees, costs or expenses related to or arising out of services performed by or under the supervision of […]
24-A §2884. Legal services insurance authorized to be sold on a group basis
§2884. Legal services insurance authorized to be sold on a group basis An insurance company authorized to write legal services insurance in this State, which for the purposes of this chapter only is considered a form of health insurance, has the power to issue group legal services insurance policies or may, by providing for the […]