Maine Bureau of Insurance Rule, Chapter 960

What this document is

Maine Bureau of Insurance Rule, Chapter 960 - Hurricane Deductibles (implements 24-A M.R.S. 3061), 031 C.M.R. ch. 960 is a regulation published by Maine Secretary of State, Bureau of Insurance rules (maine.gov/sos/rulemaking). It is one of the Maine documents that insurance license exam questions are written from, including maine property & casualty, maine personal lines practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• Bureau of Insurance Rule 960, § 4(C) (Standards for hurricane deductibles: multiple deductibles)

  “C.If a policy includes a hurricane deductible and any other deductible, including without limitation a wind-storm or named storm deductible, the insurer may apply only the hurricane deductible to losses within the scope of that deductible.”

• Maine Bureau of Insurance Rule, Chapter 960, Section 4(A)(1) (Standards for Hurricane Deductibles)

  “(1)Be applied only during the period that starts when the National Weather Service issues a hurricane warning for a forecast zone that includes any part of the municipality in which the insured property is located and ends twenty-four (24) hours after the National Weather Service terminates the...”

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