Maine Revised Statutes Title 39-A Sec. 402 – Prepayment of premium
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Terms Used In Maine Revised Statutes Title 39-A Sec. 402
- Insurance company: means any casualty insurance company or association authorized to do business in this State that may issue policies conforming to subsection 19 and includes the Maine Employers' Mutual Insurance Company. See Maine Revised Statutes Title 39-A Sec. 102
- Year: means a calendar year, unless otherwise expressed. See Maine Revised Statutes Title 1 Sec. 72
An insurance company that issues workers’ compensation insurance policies may not require prepayment of premium more than 1/4 year in advance. [PL 1991, c. 885, Pt. A, §8 (NEW); PL 1991, c. 885, Pt. A, §§9-11 (AFF).]
SECTION HISTORY
PL 1991, c. 885, §A8 (NEW). PL 1991, c. 885, §§A9-11 (AFF).