Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
031 - BUREAU OF INSURANCE
Chapter 375 - GROUP PROPERTY AND CASUALTY INSURANCE
Section 031-375-3 - Designated Types of Insurance

Current through 2024-38, September 18, 2024

The following types of property and casualty insurance are eligible for writing on a group basis under policies or certificates issued in Maine or covering risks in Maine:

1. Credit Involuntary Unemployment Insurance covering the risk of a debtor's involuntary unemployment and issued in connection with a loan or other consumer credit transaction in compliance with the Maine Consumer Credit Insurance Act, 24-A M.R.S.A. §§2851 et seq.

2. Risk Purchasing Group Coverage qualifying as an eligible type of liability insurance and issued to a risk purchasing group in compliance with the Maine Liability Risk Retention Act, 24-A M.R.S.A. §§6091 et seq.

3. Travel Insurance covering financial loss from trip cancellation or interruption, lost or damaged baggage, trip or baggage delays, missed connections and/or changes in itinerary, and casualty losses due to rental vehicle damage.

4. Identity Theft Insurance covering loss resulting from the unauthorized acquisition of personally identifying information.

5. Portable Electronic Device Insurance as defined in 24-A M.R.S.A. §7001(6).

6. Tuition Reimbursement Insurance covering liability for tuition and fees following failure to matriculate at or withdrawal from school or college because of an illness, accidental injury, death, job loss, or closure of an educational institution.

7. Group Personal Excess Liability Insurance providing additional limits of coverage to members of a group under their personal automobile, homeowners, or watercraft insurance policies and/or providing liability coverages not covered in a member's underlying personal insurance policies, such as liability arising from the member's unpaid service on the board of directors of a not-for-profit organization.

8. Self-Storage Unit Insurance providing personal property coverage to lessees of self-storage units.

Disclaimer: These regulations may not be the most recent version. Maine may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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