Maine Revised Statutes Title 24-A Sec. 2162-A – Payment of dividend conditioned upon renewal; unfair trade practice
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Terms Used In Maine Revised Statutes Title 24-A Sec. 2162-A
- Year: means a calendar year, unless otherwise expressed. See Maine Revised Statutes Title 1 Sec. 72
It is an unfair trade practice to make the payment of a policy dividend or any portion of a dividend conditioned upon renewal of the policy or contracts. This section does not apply to the first year dividend on life insurance policies. [PL 1985, c. 548 (NEW).]
SECTION HISTORY
PL 1985, c. 548 (NEW).