Maine Revised Statutes Title 24-A Sec. 3048 – Scope of subchapter
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This subchapter shall apply to policies of insurance, other than automobile insurance and workers’ compensation insurance, on risks located or resident in this State which are issued and take effect or which are renewed after the effective date of this subchapter and insuring against any of the following: [PL 1989, c. 502, Pt. A, §99 (AMD).]
1. Loss of or damage to real property which is used solely for residential purposes and which consists of not more than 4 apartments and which is owner-occupied;
[PL 1973, c. 239 (NEW).]
Terms Used In Maine Revised Statutes Title 24-A Sec. 3048
- Personal property: All property that is not real property.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Year: means a calendar year, unless otherwise expressed. See Maine Revised Statutes Title 1 Sec. 72
2. Loss of or damage to personal property in which natural persons resident in specifically described real property of the kind described in subsection 1 have an insurable interest, except personal property used in the conduct of a commercial or industrial enterprise;
[PL 1973, c. 239 (NEW).]
3. Legal liability of a natural person or persons for loss of, damage to or injury to persons or property, but not including policies primarily insuring risks arising from the conduct of a commercial or industrial enterprise.
[PL 1973, c. 239 (NEW).]
Any policy written for a term longer than one year or with no fixed expiration date shall be considered, for purposes of this subchapter, written for successive policy terms of one year. [PL 1979, c. 411, §1 (NEW).]
SECTION HISTORY
PL 1973, c. 239 (NEW). PL 1979, c. 411, §1 (AMD). PL 1989, c. 502, §A99 (AMD).