Fire and Property Insurance: standard fire policy, hurricane deductibles, personal lines (24-A M.R.S. 3001 et seq.)

What this document is

Maine Revised Statutes Title 24-A Chapter 41 - Fire and Property Insurance: standard fire policy, hurricane deductibles, personal lines (24-A M.R.S. 3001 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. § 3051 (Notice of intent: explicit reasons required)

  “The reason or reasons for the intended nonrenewal action must accompany the notice of intent not to renew and the reason or reasons must be explicit. Explanations such as "underwriting reasons," "underwriting experience," "loss record," "location of risk," "credit report" and similar insurance...”

• 24-A M.R.S. § 3002(1) (Standard fire policy: concealment, fraud)

  “Concealment, fraud. This entire policy shall be void if, whether before or after a loss, the insured has willfully concealed or misrepresented any material fact or circumstance concerning this insurance or the subject thereof, or the interest of the insured therein, or in case of any fraud or false...”

• 24-A M.R.S. § 3041(1) (Time limit for adjusting, paying fire loss; penalty: beginning adjustment)

  “1. In case of physical loss by fire to property insured by any insurer, the insurer or its representative shall begin adjustment of such loss within 20 days after the receipt of the notice of loss provided for by the policy.”

• 24-A M.R.S. § 3049(8) (Notice of cancellation; reasons: unfenced swimming pool)

  “The presence of a swimming pool upon the insured property that is not fenced in, in accordance with the standards established in Title 22, section 1631, if the pool remains in noncompliance with those standards for 30 days after notice by the insurer of the defective condition and intent to cancel the policy”

• 24-A M.R.S. § 3049 (Notice of cancellation; reasons: no hearing on a new policy)

  “This section does not apply to any policy or coverage that has been in effect less than 90 days at the time notice of cancellation is received by the named insured, or 120 days in the case of residential property that is expected to be continuously unoccupied for 3 months in any 12-month period and...”

• 24-A M.R.S. § 3054 (Hearing before Superintendent of Insurance: burden and proof of nonrenewal reason)

  “The burden of proof of the reason for cancellation or intent not to renew is on the insurer. If an insurer's reason for nonrenewal is not based on a ground for cancellation permitted under section 3049, the insurer must provide proof or evidence that the reason for nonrenewal is a good faith reason...”

• 24-A M.R.S. § 3004-A (Actual cash value: definition)

  “"Actual cash value", as used in section 3002, means the replacement cost of an insured item of property at the time of loss, less the value of physical depreciation as to the item damaged.”

• 24-A M.R.S. § 3031 (Enforcement of lien: time for the mortgagee action)

  “If the mortgagor does not consent as provided for in section 3030, the mortgagee of any real estate may, at any time within 60 days after a loss, and the mortgagee of any personal property may at any time within 30 days after a loss, enforce the mortgagee's lien by a civil action against the...”

• 24-A M.R.S. § 3049-A(3) (Transfer on death deed; provision and cancellation of property insurance: cancellation)

  “Upon receiving a notice of death affidavit under Title 18‑C, section 6‑414, the insurer may cancel a policy extended pursuant to this section as if the policy had been in effect for less than 90 days, as provided in section 3049. If the insurer does not receive a notice of death affidavit within 30...”

• 24-A M.R.S. § 3057 (Actions related to age of dwelling prohibited)

  “An insurance company authorized to transact business in this State may not cancel or refuse to issue or renew a property insurance policy subject to this subchapter solely on the basis of the age of the dwelling and without consideration of the current condition of the property.”

• 24-A M.R.S. § 3049(9) (Notice of cancellation; reasons: dog bite)

  “9. A loss occasioned by a dog bite, unless, after notice of cancellation or nonrenewal is received, the insured removes the dog; or”

• 24-A M.R.S. § 3054 (Hearing before Superintendent of Insurance: nonrenewal not based on a cancellation ground)

  “If an insurer's reason for nonrenewal is not based on a ground for cancellation permitted under section 3049, the insurer must provide proof or evidence that the reason for nonrenewal is a good faith reason and related to the insurability of the property. A statement from the insurer that the risk...”

Practice this material

Questions about this source

More Maine sources

• Me. Rev. Stat. tit. 24-A, s. 2152: Unfair methods; deceptive acts prohibitedState statute
• Me. Rev. Stat. tit. 24-A, s. 1420-A: Insurance producer licensing definitionsState statute
• Me. Rev. Stat. tit. 24-A, s. 2153: Misrepresentation; false advertising of policiesState statute
• 24-A M.R.S. Chapter 33 - Health Insurance Contracts (Secs. 2701 onward, selected)State statute
• Maine Revised Statutes Title 24-A Chapter 1 - General Definitions and ProvisionsState statute
• Maine Revised Statutes Title 24-A Chapter 17 - Agents, Brokers, Consultants and AdjustersState statute
• Maine Revised Statutes Title 24-A Chapter 21 - Unauthorized Insurers: Prohibitions, Process and AdvertisingState statute
• Maine Revised Statutes Title 24-A Chapter 23 - Trade Practices and FraudsState statute