Maine Revised Statutes Title 24-A Sec. 2401 – Scope of chapter
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This chapter applies as to all insurance contracts and annuity contracts, other than: [PL 1969, c. 132, §1 (NEW).]
1. Reinsurance.
[PL 1969, c. 132, §1 (NEW).]
Terms Used In Maine Revised Statutes Title 24-A Sec. 2401
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
2. Unless otherwise specifically indicated, policies or contracts not issued for delivery in this State nor delivered in this State; and
[PL 1993, c. 171, Pt. C, §1 (AMD).]
3. Wet marine and transportation insurance.
[PL 1969, c. 132, §1 (NEW).]
SECTION HISTORY
PL 1969, c. 132, §1 (NEW). PL 1993, c. 171, §C1 (AMD).