Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
031 - BUREAU OF INSURANCE
Chapter 540 - PREMIUM TRUST ACCOUNT FIDUCIARY DUTIES
Section 031-540-1 - DEFINITIONS
Universal Citation: 02 ME Code Rules ยง 031-540-1
Current through 2024-38, September 18, 2024
a. "Premium" is as defined in 24-A M.R.S. §2403.
b. "Return premium" is premium owed to the policyholder because of policy cancellation, rate adjustment, or coverage or benefit reduction.
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