9-A M.R.S. § 4-103
This is the official text of 9-A M.R.S. § 4-103, part of Maine’s M.R.S — part of the compiled statutory law of Maine, published by the state as "M.R.S." Browse the sections below, each linked to its official government source.
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9-A §4-103. Definition: "consumer credit insurance," "Credit Insurance Act"
Official statutory text
In this Act: [PL 1973, c. 762, §1 (NEW).]
1. "Consumer credit insurance" means insurance, other than insurance on property, by which the satisfaction of debt in whole or in part is a benefit provided, but does not include: A. Insurance provided in relation to a credit transaction in which a payment is scheduled more than 15 years after the extension of credit; [PL 1975, c. 288, §1 (AMD).] B. Insurance issued as an isolated transaction on the part of the insurer not related to an agreement or plan for insuring consumers of the creditor; or [PL 1973, c. 762, §1 (NEW).] C. Insurance indemnifying the creditor against loss due to the consumer's default. [PL 1973, c. 762, §1 (NEW).] [PL 1975, c. 288, §1 (AMD).]
2. "Credit Insurance Act" means Title 24‑A, chapter 37 . [PL 2001, c. 138, §1 (AMD).]
1. "Consumer credit insurance" means insurance, other than insurance on property, by which the satisfaction of debt in whole or in part is a benefit provided, but does not include: A. Insurance provided in relation to a credit transaction in which a payment is scheduled more than 15 years after the extension of credit; [PL 1975, c. 288, §1 (AMD).] B. Insurance issued as an isolated transaction on the part of the insurer not related to an agreement or plan for insuring consumers of the creditor; or [PL 1973, c. 762, §1 (NEW).] C. Insurance indemnifying the creditor against loss due to the consumer's default. [PL 1973, c. 762, §1 (NEW).] [PL 1975, c. 288, §1 (AMD).]
2. "Credit Insurance Act" means Title 24‑A, chapter 37 . [PL 2001, c. 138, §1 (AMD).]
Status: in_force · Read it on the official government site
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