Maine Revised Statutes Title 24-A Sec. 3003 – Combination coverages
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Any policy or contract otherwise subject to section 3002 (standard fire policy required; exceptions), which includes either on an unspecified basis as to the coverage or for a single premium coverage against the peril of fire and substantial coverage against other perils need not comply with such provisions, provided: [PL 1969, c. 132, §1 (NEW).]
1. Such policy or contract shall afford coverage, with respect to the peril of fire, not less than the coverage afforded by such Maine standard fire policy;
[PL 1969, c. 132, §1 (NEW).]
Terms Used In Maine Revised Statutes Title 24-A Sec. 3003
- Contract: A legal written agreement that becomes binding when signed.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
2. That such coverage as to the peril of fire shall be made subject without change to the same general provisions and stipulations as those of such standard fire policy;
[PL 1969, c. 132, §1 (NEW).]
3. The provisions in relation to mortgagee interests and obligations in such standard fire policy shall be incorporated therein without change;
[PL 1969, c. 132, §1 (NEW).]
4. Such policy or contract is complete as to all of its terms without reference to the standard form of fire insurance policy or any other policy;
[PL 1969, c. 132, §1 (NEW).]
5. The superintendent is satisfied that such policy or contract complies with the provisions hereof.
[PL 1973, c. 585, §12 (AMD).]
SECTION HISTORY
PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD).