24-A §3034. Mortgagee's policy void, unless consented to - Maine Statutes

Title 24-A: MAINE INSURANCE CODE

Chapter 41: PROPERTY INSURANCE CONTRACTS

Subchapter 3: LIEN OF MORTGAGEES ON POLICIES

§3034. Mortgagee's policy void, unless consented to

When any mortgagee claims the benefit of sections 3030 to 3033, any policy of insurance which he had procured or subsequently procures on his interest in the same property by virtue of his mortgage is void, unless consented to by the insurer insuring the mortgagor's interest. [1969, c. 132, §1 (NEW).]

SECTION HISTORY

1969, c. 132, §1 (NEW).