Maine Revised Statutes Title 24-A Sec. 2501 – Scope of chapter
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This chapter applies only to contracts of life insurance and annuities, other than reinsurance, group life insurance and group annuities, except that: [PL 2009, c. 244, Pt. I, §1 (AMD).]
[PL 2009, c. 244, Pt. I, §1 (NEW).]
Terms Used In Maine Revised Statutes Title 24-A Sec. 2501
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
[PL 2009, c. 244, Pt. I, §1 (NEW).]
SECTION HISTORY
PL 1969, c. 132, §1 (NEW). PL 1973, c. 560, §2 (AMD). PL 1977, c. 261, §1 (AMD). PL 1995, c. 375, §C5 (AMD). PL 2009, c. 244, Pt. I, §1 (AMD).