State Codes and Statutes
Statutes > Maine > Title24a > Title24-Ach23sec0 > Title24-Asec2162-ATitle 24-A: MAINE INSURANCE CODE
Chapter 23: TRADE PRACTICES AND FRAUDS
§2162-A. Payment of dividend conditioned upon renewal; unfair trade practice
It is an unfair trade practice to make the payment of a policy dividend or any portion of a dividend conditioned upon renewal of the policy or contracts. This section does not apply to the first year dividend on life insurance policies. [1985, c. 548, (NEW).]
SECTION HISTORY
1985, c. 548, (NEW).
