In the case of a policy insuring the lives of debtors, a provision that the insurer will furnish to the policyholder for delivery to each debtor insured under the policy a certificate of insurance describing the coverage and specifying that the death benefit shall first be applied to reduce or extinguish the indebtedness.
Me. Rev. Stat. tit. 24-A, § 2624
Information to debtor
Known as the Group Life Insurance Law
The act spans §§ 2601–2630 (39 sections).
PL 1969, c. 132, §1 (NEW)
Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.