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Current as of January 01, 2025 | Updated by Findlaw Staff
Any policy or contract otherwise subject to section 3002 (standard fire policy required; exceptions), which includes either on an unspecified basis as to the coverage or for a single premium coverage against the peril of fire and substantial coverage against other perils need not comply with such provisions, provided:
1. Such policy or contract shall afford coverage, with respect to the peril of fire, not less than the coverage afforded by such Maine standard fire policy;
2. That such coverage as to the peril of fire shall be made subject without change to the same general provisions and stipulations as those of such standard fire policy;
3. The provisions in relation to mortgagee interests and obligations in such standard fire policy shall be incorporated therein without change;
4. Such policy or contract is complete as to all of its terms without reference to the standard form of fire insurance policy or any other policy;
5. The superintendent is satisfied that such policy or contract complies with the provisions hereof.
Cite this article: FindLaw.com - Maine Revised Statutes Title 24-A. Maine Insurance Code § 3003. Combination coverages - last updated January 01, 2025 | https://codes.findlaw.com/me/title-24-a-maine-insurance-code/me-rev-st-tit-24-a-sect-3003/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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