02-031-220 Me. Code R. § 12
Current through 2025-03, January 15, 2025
The primary beneficiary shall be the creditor as his interest may appear. After the creditor's interest is satisfied, other benefits or refunds, if any, will be paid to the secondary beneficiary named by the insured debtor or if no named secondary beneficiary survives the insured, such other benefits or refunds, if any, shall be paid to the estate of the insured.
02-031 C.M.R. ch. 220, § 12