Maine Revised Statutes Title 9-A Sec. 4-404 – Choice of insurance producer
Current as of: 2023 | Check for updates
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Terms Used In Maine Revised Statutes Title 9-A Sec. 4-404
- Affiliate: means any of the following entities:
A. See Maine Revised Statutes Title 9-A Sec. 4-403Insurance producer: means a person required to be licensed as an insurance producer as defined in Title 24?A, section 1402, subsection 5. See Maine Revised Statutes Title 9-A Sec. 4-403
A supervised lender or its affiliate that negotiates or sells insurance products to purchasers or borrowers as authorized under section 4?402 may not, in connection with the extension of credit, interfere with a purchaser’s or borrower’s free choice of an insurance producer or company under applicable provisions set forth in Title 24?A. [PL 2021, c. 676, Pt. C, §6 (AMD).]
SECTION HISTORY
PL 1997, c. 315, §8 (NEW). PL 2021, c. 676, Pt. C, §6 (AMD).