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the named insured, the reason for cancellation shall | | the notice, together with a notice of the right to apply for a | | hearing before the Superintendent of Insurance within 30 days, as | | provided in section 3054. |
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| | | Notwithstanding sections 3049 and 3051, a notice of nonrenewal | | is not required if a policyholder is notified by the insurer that | | the policy is being transferred to an affiliate of that insurer | | for future coverage. |
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| | | This bill amends uninsured vehicle coverage requirements to | | clarify that an insurance policy may define the scope of coverage | | of the policy. This legislation is required as a result of | | Butterfield v. Norfolk and Dedham Mutual Fire Insurance Company, | | 2004 ME 124 and adopts the position of the dissenting opinion in | | that case. |
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| | | This bill also clarifies that a transfer of a policy from an | | insurer to an affiliate, with notice, is not a cancellation or a | | nonrenewal of the policy since coverage is in fact being renewed. |
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