Maine Revised Statutes Title 24-A Sec. 2860-A – Commissions
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Terms Used In Maine Revised Statutes Title 24-A Sec. 2860-A
- health insurance: means insurance of human beings against bodily injury, disablement or death by accident or accidental means, or the expense thereof, or against disablement or expense resulting from sickness, and every insurance appertaining thereto, including provision for the mental and emotional welfare of human beings by defraying the costs of legal services only to the extent provided for in chapter 38. See Maine Revised Statutes Title 24-A Sec. 704
A commission not exceeding 5% of credit life and health insurance premiums, as set forth by rules adopted by the superintendent, may be paid to any creditor who is a licensed credit insurance agent. This section does not prohibit fees paid to a lender for handling or processing credit life or health insurance not exceeding 10% of prima facie premiums as set forth by rules adopted by the superintendent. [PL 1993, c. 645, Pt. B, §6 (AMD).]
SECTION HISTORY
PL 1993, c. 208, §3 (NEW). PL 1993, c. 645, §B6 (AMD).