Maine Revised Statutes Title 24-A Sec. 2921 – Insured told of alternate coverage
Current as of: 2023 | Check for updates
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Terms Used In Maine Revised Statutes Title 24-A Sec. 2921
- Nonpayment of premium: means failure of the named insured to discharge when due any of the named insured's obligations in connection with the payment of premium on the policy, or any installment of a premium, whether the premium is payable directly to the insurer or its agent or indirectly under any premium finance plan or extension of credit. See Maine Revised Statutes Title 24-A Sec. 2912
- to renew: means the issuance and delivery by an insurer of a policy replacing at the end of the previous policy term a policy previously issued and delivered by the same insurer, or the issuance and delivery of a certificate or notice extending the coverage of the policy beyond its original term. See Maine Revised Statutes Title 24-A Sec. 2912
When automobile bodily injury and property damage liability coverage is cancelled or not renewed, other than for nonpayment of premium, the insurer shall notify the named insured of the named insured’s possible eligibility for automobile liability insurance through the Maine Automobile Insurance Plan. Such notice must accompany the notice of cancellation or intent not to renew. [RR 2021, c. 1, Pt. B, §257 (COR).]
SECTION HISTORY
PL 1973, c. 339, §1 (NEW). RR 2021, c. 1, Pt. B, §257 (COR).