{"data":{"id":"us-me/9-a-m.r.s.-4-103","jurisdiction":"us-me","citation":"9-A M.R.S. §4-103","heading":"Definition: \"consumer credit insurance,\" \"Credit Insurance Act\"","body":"In this Act:\n1.   \"Consumer credit insurance\" means insurance, other than insurance on property, by which the satisfaction of debt in whole or in part is a benefit provided, but does not include:\nA.  Insurance provided in relation to a credit transaction in which a payment is scheduled more than 15 years after the extension of credit;\nB.  Insurance issued as an isolated transaction on the part of the insurer not related to an agreement or plan for insuring consumers of the creditor; or\nC.  Insurance indemnifying the creditor against loss due to the consumer's default.\n2.   \"Credit Insurance Act\" means Title 24‑A, chapter 37.","path":["TITLE 9-A: MAINE CONSUMER CREDIT CODE","PART 1: INSURANCE IN GENERAL"],"source_url":"https://legislature.maine.gov/statutes/9-A/title9-Asec4-103.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:24Z","sha256":"d0bea4bc0f74339a4d628d15ed9779d975e50b133c1d60952e21109393117e03","source_id":"us-me","stale":false,"prev":"us-me/9-a-m.r.s.-4-102","next":"us-me/9-a-m.r.s.-4-104"},"notice":"GroundRules: Original legal text. Not legal advice."}