Maine Revised Statutes Title 24-A Sec. 5007 – Notice of free examination
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Terms Used In Maine Revised Statutes Title 24-A Sec. 5007
- Applicant: means :
A. See Maine Revised Statutes Title 24-A Sec. 5001Certificate: means any certificate delivered or issued for delivery in this State under a group Medicare supplement policy. See Maine Revised Statutes Title 24-A Sec. 5001 Issuer: includes insurance companies, fraternal benefit societies, health care service plans, health maintenance organizations and any other entity delivering or issuing for delivery in this State Medicare supplement policies or certificates. See Maine Revised Statutes Title 24-A Sec. 5001
Medicare supplement policies and certificates must have a notice prominently printed on the first page of the policy or certificate or attached to the policy or certificate, stating in substance that the applicant has the right to return the policy or certificate within 30 days of its delivery and to have the premium refunded if, after examination of the policy or certificate, the applicant is not satisfied for any reason. Any refund made pursuant to this section must be paid directly to the applicant by the issuer in a timely manner. [PL 1991, c. 740, §10 (AMD).]
SECTION HISTORY
PL 1981, c. 605 (NEW). PL 1989, c. 27, §5 (AMD). PL 1991, c. 740, §10 (AMD).