Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
031 - BUREAU OF INSURANCE
Chapter 220 - CREDIT LIFE AND HEALTH INSURANCE
Section 031-220-12 - Beneficiary
Universal Citation: 02 ME Code Rules ยง 031-220-12
Current through 2024-38, September 18, 2024
The primary beneficiary shall be the creditor as his interest may appear. After the creditor's interest is satisfied, other benefits or refunds, if any, will be paid to the secondary beneficiary named by the insured debtor or if no named secondary beneficiary survives the insured, such other benefits or refunds, if any, shall be paid to the estate of the insured.
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