Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
031 - BUREAU OF INSURANCE
Chapter 240 - MAINE LIFE INSURANCE SOLICITATION AND COST DISCLOSURE
Section 031-240-2 - Purpose
Universal Citation: 02 ME Code Rules ยง 031-240-2
Current through 2024-38, September 18, 2024
(A) The purpose of this Rule is to require insurers to deliver to purchasers of life insurance information which will improve the buyer's ability to select the most appropriate plan of life insurance for his or her needs, improve the buyer's understanding of the basic features of the policy which has been purchased or which is under consideration and improve the ability of the buyer to evaluate the relative costs of similar plans of life insurance.
(B) This Rule does not prohibit the use of additional material which is not in violation of this Rule or any other Maine statute or Rule.
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