LD 541
pg. 1
LD 541 Title Page An Act To Amend the Laws Related to Cancellation and Nonrenewal of Insurance ... Page 2 of 3
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LR 1704
Item 1

 
Be it enacted by the People of the State of Maine as follows:

 
Sec. 1. 24-A MRSA §2902, sub-§1, as amended by PL 1975, c. 437, §1, is
further amended to read:

 
1. No A policy insuring against liability arising out of the
ownership, maintenance or use of any motor vehicle shall may not
be delivered or issued for delivery in this State with respect to
any such vehicle registered or principally garaged in this State,
unless coverage is provided therein in that policy or
supplemental thereto to that policy for the protection of persons
insured thereunder under that policy who are legally entitled to
recover damages from owners or operators of uninsured,
underinsured or hit-and-run motor vehicles, for bodily injury,
sickness or disease, including death, resulting from the
ownership, maintenance or use of such an uninsured, underinsured
or hit-and-run motor vehicle. A policy may limit coverage under
this section to insured persons as defined in that policy. The
coverage herein required under this subsection may be referred to
as "uninsured vehicle coverage." For the purposes of this
section, "underinsured motor vehicle" means a motor vehicle for
which coverage is provided, but in amounts less than the minimum
limits for bodily injury liability insurance provided for under
the motorist's financial responsibility laws of this State or
less than the limits of the injured party's uninsured vehicle
coverage.

 
Sec. 2. 24-A MRSA §2912, sub-§2, as amended by PL 1977, c. 403, §1, is
further amended to read:

 
2. Renewal or renew. "Renewal" or "to renew" means the
issuance and delivery by an insurer or an affiliate of an insurer
of a policy replacing at the end of the previous policy term a
policy previously issued and delivered by the same that insurer
or affiliated insurer, or the issuance and delivery of a
certificate or notice extending the coverage of the policy beyond
its original term. Any renewal policy, other than a replacement
policy for an unfinished term, with a term of one year or less
shall be is considered written, for the purposes of this
subchapter, for a term of one year.

 
Any policy written for a term longer than one year or with no
fixed expiration date shall be is considered written for
successive policy terms of one year.

 
Sec. 3. 24-A MRSA §2915, as amended by PL 1989, c. 172, §4, is
further amended to read:

 
§2915. Delivery of notice


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