Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
031 - BUREAU OF INSURANCE
Chapter 585 - LIFE INSURANCE THIRD-PARTY NOTICE OF CANCELLATION; RIGHTS OF REINSTATEMENT FOR INDIVIDUALS AFFLICTED WITH COGNITIVE IMPAIRMENT OR FUNCTIONAL INCAPACITY
Section 031-585-8 - Transition

Universal Citation: 02 ME Code Rules ยง 031-585-8

Current through 2024-38, September 18, 2024

A. Within 60 days after the effective date of any amendment to this Rule, every insurer shall file with the Superintendent any new forms or policy provisions and all revisions to existing forms or policies to be used as a result of the amendment.

B. If the forms submitted pursuant to Subsection A will be part of an application or policy, the requirements of 24-A M.R.S.A. §2412 and any other applicable form-filing requirement must be satisfied.

C. Every insurer shall send approved forms and amended policy provisions to existing individual policyholders within 120 days after the first billing date subsequent to the Superintendent's approval of the forms or policy provisions.

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