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.
Me. Rev. Stat. tit. 24-A, § 2162-A
Payment of dividend conditioned upon renewal; unfair trade practice
PL 1985, c. 548 (NEW).
Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.