Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
031 - BUREAU OF INSURANCE
Chapter 220 - CREDIT LIFE AND HEALTH INSURANCE
Section 031-220-5 - Application or Notice of Proposed Insurance

Universal Citation: 02 ME Code Rules ยง 031-220-5
Current through 2024-38, September 18, 2024

Title 24-A M.R.S.A., Section2857, Subsection 4 requires the copy of the application or notice of proposed insurance to be separate from the credit instrument, unless the information is prominently set forth in it. The copy of the application for, or notice of, proposed insurance shall be deemed to be prominently set forth in the credit instrument if set forth in a separate provision in type at least equal in size and prominence to the type used for the other provisions thereof, provided the name of the debtor proposed for insurance, and figures relating to the amount and term of the coverage, and the rate or amount of payment for insurance by the debtor need not be contained in a separate provision of the instrument as long as they are included elsewhere in the instrument.

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