Property and Casualty Insurance: automobile, homeowners, subrogation, cancellation and nonrenewal, credit information (24-A M.R.S. 2901 et seq.)

What this document is

Maine Revised Statutes Title 24-A Chapter 39 - Property and Casualty Insurance: automobile, homeowners, subrogation, cancellation and nonrenewal, credit information (24-A M.R.S. 2901 et seq.) is a state statute published by Maine Legislature, Office of the Revisor of Statutes (legislature.maine.gov). 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.

• 24-A M.R.S. § 2910-A(3) (Subrogation; medical payments coverage: exception)

  “3. Exception. Nothing in this section prevents an insurer from exercising its subrogation rights directly against any person legally responsible for the insured's injury. In the event that the insurer pursues its subrogation rights directly against such a person, the insurer's subrogation right is...”

• 24-A M.R.S. § 2902(1) (Uninsured vehicle coverage: underinsured motor vehicle defined)

  “For the purposes of this section, "underinsured motor vehicle" means a motor vehicle for which coverage is provided, but in amounts less than the minimum limits for bodily injury liability insurance provided for under the motorist's financial responsibility laws of this State or less than the...”

• 24-A M.R.S. § 2927(2) (Personal automobile insurance; rental vehicle coverage required)

  “2. Rental vehicle coverage required. A personal automobile insurance policy that provides liability and collision, liability and comprehensive or liability, comprehensive and collision coverage must provide coverage for the obligation of the insured for actual damage to a covered rental vehicle,...”

• 24-A M.R.S. § 2902(2) (Uninsured vehicle coverage: presumed acceptance of unchanged limits)

  “If an insured has maintained the same uninsured vehicle coverage limits for 2 consecutive years with the same insurer, then the insured will be conclusively presumed to have accepted that amount of uninsured coverage in all future policies, until such time as the insured notifies the insurer in...”

• 24-A M.R.S. § 2916-B (Exclusion of covered persons under personal automobile policy: required notice)

  “Every endorsement under this section must contain the following notice in conspicuous print: "NOTICE TO POLICYHOLDER IF THE PERSON EXCLUDED FROM COVERAGE BY THIS ENDORSEMENT IS UNDER THE AGE OF 18 YEARS, YOU CAN BE HELD LIABLE UNDER STATE LAW FOR THE PERSON'S NEGLIGENCE WHEN THE PERSON OPERATES...”

• 24-A M.R.S. § 2902-B (Motorcycle passenger exclusion: conditions and effect)

  “No insurer may sell or renew, on or after January 1, 1986, a liability insurance policy covering a motorcycle, as defined in Title 29‑A, section 101, subsection 38, that excludes coverage for injuries sustained by passengers on the insured's motorcycle unless the insurer notifies the bureau in...”

• 24-A M.R.S. § 2902(3) (Uninsured vehicle coverage: insolvency of the other vehicle insurer)

  “A. The liability insurer of such other motor vehicle is unable because of its insolvency to make payment with respect to the legal liability of its insured within the limits specified in its policy; B. The occurrence out of which such legal liability arose took place while the uninsured vehicle...”

• 24-A M.R.S. § 2904 (Judgment creditor may have insurance; exceptions: waiting period)

  “No civil action shall be brought against an insurer to reach and apply such insurance money until 20 days shall have elapsed from the time of the rendition of the final judgment against the judgment debtors.”

• 24-A M.R.S. § 2915 (Delivery of notice: periods before the effective date)

  “A notice of cancellation of a policy is not effective unless received by the named insured at least 20 days prior to the effective date of cancellation, or, when the cancellation is for nonpayment of premium, at least 10 days prior to the effective date of cancellation.”

• 24-A M.R.S. § 2916-A (Nonrenewal -- reasons: look-back period and effective date)

  “A notice of nonrenewal may not be issued unless it is based upon a reason for which the policy could have been cancelled or unless it is based upon one or more of the following grounds that occurred during the 36-month period preceding the yearly anniversary date of the policy. A nonrenewal is...”

• 24-A M.R.S. § 2921 (Insured told of alternate coverage)

  “When automobile bodily injury and property damage liability coverage is cancelled or not renewed, other than for nonpayment of premium, the insurer shall notify the named insured of the named insured's possible eligibility for automobile liability insurance through the Maine Automobile Insurance...”

• 24-A M.R.S. § 2910-B (Assessment of value of motor vehicle: unlisted states)

  “An insurer may use a comparable motor vehicle in a state not specified in this section only after determining that comparable motor vehicles are not available in the states specified in this section.”

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