United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 24-A, § 3003: Combination coverages, 1969

Certain fire-insurance policies or contracts need not follow section 3002 if they meet listed coverage conditions and the superintendent is satisfied.

coverage requirementsfire insurancepolicy compliance

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01

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“Certain fire-insurance policies or contracts need not follow section 3002 if they meet listed coverage conditions and the superintendent is satisfied.”

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02

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    Enacted 1969 · Source version 1 Oct 2025. The date shown identifies this source expression and should not be treated as proof that no later change exists.

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Combination coverages

Certain fire-insurance policies or contracts need not follow section 3002 if they meet listed coverage conditions and the superintendent is satisfied.

Section 3003

04

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Source record from legislature.maine.gov · Enacted 1969 · Source version 1 Oct 2025

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Provision
§ 3003Combination coveragesProvision

Certain fire-insurance policies or contracts need not follow section 3002 if they meet listed coverage conditions and the superintendent is satisfied.

Any policy or contract otherwise subject to section 3002 (standard fire policy required; exceptions), which includes either on an unspecified basis as to the coverage or for a single premium coverage against the peril of fire and substantial coverage against other perils need not comply with such provisions, provided: [PL 1969, c. 132, §1 (NEW).] 1. Such policy or contract shall afford coverage, with respect to the peril of fire, not less than the coverage afforded by such Maine standard fire policy; [PL 1969, c. 132, §1 (NEW).] 2. That such coverage as to the peril of fire shall be made subject without change to the same general provisions and stipulations as those of such standard fire policy; [PL 1969, c. 132, §1 (NEW).] 3. The provisions in relation to mortgagee interests and obligations in such standard fire policy shall be incorporated therein without change; [PL 1969, c. 132, §1 (NEW).] 4. Such policy or contract is complete as to all of its terms without reference to the standard form of fire insurance policy or any other policy; [PL 1969, c. 132, §1 (NEW).] 5. The superintendent is satisfied that such policy or contract complies with the provisions hereof. [PL 1969, c. 132, §1 (NEW); PL 1973, c. 585, §12 (AMD).]
Section 3003Verify source

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  • 1 Oct 2025 · currentEnglish

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