Me. Stat. tit. 24-A § 3003

Current through 131st (2023-2024) Legislature Chapter 684
Section 3003 - Combination coverages

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: [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;

[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;

[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;

[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;

[1969, c. 132, §1(NEW).]

5. The superintendent is satisfied that such policy or contract complies with the provisions hereof.

[1973, c. 585, §12(AMD).]

24-A M.R.S. § 3003

1969, c. 132, § 1 (NEW) . 1973, c. 585, § 12 (AMD) .