§2174. Illegal dealing in premiums; excess charges for insurance
No person shall knowingly collect any sum as premium or charge for insurance, which insurance is not then provided or is
not in due course to be provided, subject to acceptance of the risk by the insurer, by an insurance policy issued by an insurer
as authorized by this Title.
1969, c. 132, §1 (NEW)
No person shall willfully collect as premium or charge for insurance any sum in excess of the premium or charge applicable
to such insurance, and as specified in the policy, in accordance with the applicable classifications and rates as filed with
and approved by the superintendent; or, in cases where classifications, premiums, or rates are not required by this Title
to be so filed and approved, such premiums and charges shall not be in excess of those specified in the policy and as fixed
by the insurer. This provision shall not be deemed to prohibit the charging and collection, by surplus lines brokers licensed
under chapter 19, of the amount of applicable state and federal taxes and nominal service charge to cover communication expenses,
in addition to the premium required by the insurer. This provision shall not be deemed to prohibit the charging and collection,
by a life insurer, of amounts actually to be expended for medical examination of an applicant for life insurance or for reinstatement
of a life insurance policy.
1973, c. 585, §12 (AMD)
1969, c. 132, §1 (NEW).
1973, c. 585, §12 (AMD).
Data for this page extracted on 10/16/2012 08:29:52.
The Revisor's Office cannot provide legal advice or
interpretation of Maine law to the public. If you need legal
advice, please consult
a qualified attorney.