| This bill removes the restriction in the so-called Maine |
| Property Insurance Cancellation Control Act that insured property |
| must be owner-occupied for the Act to apply to policies insuring |
| against loss or damage to that property. The bill does not change |
| the Act's requirements that the insured property be used solely |
| for residential purposes and consist of not more than 4 |
| apartments. The bill gives the protections of the Act to owners |
| of rental residential property, including the right to request a |
| hearing before the Superintendent of Insurance when the insurer |
| has notified the insured that the policy will not be renewed. |
| Under current law, owners of rental property are entitled to |
| request a hearing only if the policy is being cancelled before |
| its term has been completed. |
