Public Laws

124th Legislature

First Regular Session


Parts: A B C D E F G H I J

Chapter 244

H.P. 821 - L.D. 1180

PART H

Sec. H-1. 24-A MRSA §2436, sub-§1,  as amended by PL 1999, c. 256, Pt. I, §1, is further amended to read:

1.    A claim for payment of benefits under a policy or certificate of insurance delivered or issued for delivery in this State is payable within 30 days after proof of loss is received by the insurer and ascertainment of the loss is made either by written agreement between the insurer and the insured or beneficiary or by filing with the insured or beneficiary of an award by arbitrators as provided for in the policy. For purposes of this section, "insured or beneficiary" includes a person to whom benefits have been assigned. A claim that is neither disputed nor paid within 30 days is overdue. If, during the 30 days, the insurer, in writing, notifies the insured or beneficiary that reasonable additional information is required, the undisputed claim is not overdue until 30 days following receipt by the insurer of the additional required information; except that the time period applicable to a standard fire policy and to that portion of a policy providing a combination of coverages, as described in section 3003, insuring against the peril of fire must be 60 days, as provided in section 3002. :
A The time period applicable to a standard fire policy and to that portion of a policy providing a combination of coverages, as described in section 3003, insuring against the peril of fire must be 60 days, as provided in section 3002; and
B The time period applicable to individual life insurance must be 2 months as provided in section 2513.

Office of the Revisor of Statutes
State House, Room 108
Augusta, ME 04333