Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
031 - BUREAU OF INSURANCE
Chapter 375 - GROUP PROPERTY AND CASUALTY INSURANCE
Section 031-375-2 - Definitions

Current through 2024-38, September 18, 2024

1. "Certificate" means any contract or other evidence of insurance, or rider or endorsement thereto, issued to a group member under a group policy.

2. "Group policy" means a policy issued on a collective basis, insuring the interests of two or more persons or entities, under which coverage is purchased separately for each group member for that member's risks, but does not include the certificates.

3. "Property and casualty insurance" means any type, or combination of types, of insurance authorized by 24-A M.R.S.A. §§705 and 707, and any type of insurance that the Superintendent determines to be substantially similar.

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