{"data":{"id":"us-me/24-a-m.r.s.-2854","jurisdiction":"us-me","citation":"24-A M.R.S. §2854","heading":"Forms available","body":"Consumer credit insurance may be issued only in the following forms:\n1.  Individual life.  Individual policies of life insurance issued to debtors on the term plan;\n2.  Individual accident and health.  Individual policies of health insurance issued to debtors on a term plan, or disability benefit provisions in individual policies of credit life insurance;\n3.  Group life.  Group policies of life insurance issued to creditors providing insurance upon the lives of debtors on the term plan;\n4.  Group accident and health.  Group policies of health insurance issued to creditors on a term plan insuring debtors, or disability benefit provisions in group credit life insurance policies to provide such coverage;\n4-A.  Individual credit property insurance.  Individual policies of property insurance on property that is purchased on credit or pledged as collateral on a loan when the insurance is purchased by or issued to the debtor in connection with that loan or credit transaction;\n4-B.  Group credit property insurance.  Group policies of property insurance on property that is purchased on credit or pledged as collateral on a loan when the insurance is purchased by or issued to the debtor in connection with that loan or credit transaction;\n4-C.  Individual credit involuntary unemployment insurance.  Individual involuntary unemployment policies insuring a debtor pursuant to or in connection with a specific loan or other credit transaction but not including disability insurance policies;\n4-D.  Group credit involuntary unemployment insurance.  Group involuntary unemployment policies insuring a debtor pursuant to or in connection with a specific loan or other credit transaction but not including disability insurance policies; or\n5.  Combination.  A combination under subsections 1 and 2, or under 3 and 4.\nThe superintendent may by rules adopted pursuant to section 2865 or chapter 40‑A designate other permissible types of consumer credit insurance.","path":["TITLE 24-A: MAINE INSURANCE CODE","CHAPTER 37: CONSUMER CREDIT INSURANCE"],"source_url":"https://legislature.maine.gov/statutes/24-A/title24-Asec2854.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:33Z","sha256":"39b34f37da2defe3b9c157aca5e9bc377f339223c966f3bd5b7a889544094231","source_id":"us-me","stale":false,"prev":"us-me/24-a-m.r.s.-2853","next":"us-me/24-a-m.r.s.-2855"},"notice":"GroundRules: Original legal text. Not legal advice."}