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MAINE STATUTES AND CODES
24-A §2863. Existing insurance; choice of insurer
Title 24-A: MAINE INSURANCE CODE
Chapter 37: CONSUMER CREDIT INSURANCE HEADING: PL 2001, C. 138, §3 (RPR)
§2863. Existing insurance; choice of insurer
When credit life insurance or credit health insurance is required as additional security for any indebtedness, the debtor shall, upon request to the creditor, have the option of furnishing the required amount of insurance through existing policies of insurance owned or controlled by him or of procuring and furnishing the required coverage through any insurer authorized to transact such insurance within this State. [1969, c. 132, §1 (NEW).]
SECTION HISTORY
1969, c. 132, §1 (NEW).