Maine Revised Statutes Title 24-A Sec. 2168-A – Tie-in sales of insurance
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1. Definition. As used in this section, “tie-in sales” means the practice of tying the sale of one product to another.
[PL 1991, c. 49 (NEW).]
Terms Used In Maine Revised Statutes Title 24-A Sec. 2168-A
- Contract: A legal written agreement that becomes binding when signed.
2. Prohibited tie-in sales. In the purchase of insurance, tie-in sales are an unfair trade practice when:
A. The consumer is required to place additional coverage with an insurer not of the consumer’s choice in order to obtain a desired coverage; and [PL 1991, c. 49 (NEW).]
B. The consumer’s alternative opportunities to purchase the desired coverage are severely limited or nonexistent. [PL 1991, c. 49 (NEW).]
[PL 1991, c. 49 (NEW).]
3. Penalties. An insurance contract sold in violation of the provisions of this section is voidable at the option of the consumer. Violations of this section are enforceable through section 12?A.
[PL 1991, c. 49 (NEW).]
SECTION HISTORY
PL 1991, c. 49 (NEW).