§4433. Scope

Link to law: http://legislature.maine.gov/legis/statutes/24-A/title24-Asec4433.html
Published: 2015

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§4433. Scope








1. Application. 
This subchapter shall apply only as to the following kinds of insurance:





A. Property insurance, as defined in section 705; [1969, c. 561, (NEW).]










B. Surety insurance, as defined in section 706; [1969, c. 561, (NEW).]










C. Casualty insurance, as defined in section 707; and [1969, c. 561, (NEW).]










D. Marine and transportation insurance, as defined in section 708, excluding wet marine
insurance, as defined in section 708, subsection 2, but not excluding marine protection
and indemnity insurance. [1989, c. 751, §1 (AMD).]







[
1989, c. 751, §1 (AMD)
.]








2. Exceptions. 
This subchapter shall not apply as to:





A. Contracts of reinsurance; [1969, c. 561, (NEW).]










B. Mortgage guaranty insurance; [1985, c. 279, §1 (AMD).]










C. Credit insurance, vendors single-interest insurance, collateral protection insurance
or any similar insurance protecting the interests of a creditor arising out of a creditor-debtor
transaction; [2001, c. 478, §1 (AMD); 2001, c. 478, §11 (AFF).]











D. Insurance contracts procured as surplus lines coverage pursuant to chapter 19; [1987, c. 707, §5 (AMD).]










E. Title insurance; [1989, c. 67, §1 (AMD).]










F. Financial guaranty insurance or other forms of insurance offering protection against
investment risks; [2001, c. 478, §2 (AMD); 2001, c. 478, §11 (AFF).]











G. Contracts of workers' compensation excess insurance issued to workers' compensation
self-insurers approved under former Title 39, section 23 or under Title 39-A, section
403 by any insurer after the effective date of this paragraph, or in the case of a
contract that automatically renews, not later than one year after the effective date
of this paragraph; [2001, c. 478, §3 (AMD); 2001, c. 478, §11 (AFF).]











H. Life, annuity, health or disability insurance; [2001, c. 478, §4 (NEW); 2001, c. 478, §11 (AFF).]











I. Insurance of warranties or service contracts, including insurance that provides
for the repair, replacement or service of goods or property, or indemnification of
repair, replacement or service; for the operational or structural failure of the goods
or property due to a defect in materials, workmanship or normal wear and tear; or
for reimbursement for the liability incurred by the issuer of agreements or service
contracts that provide such benefits; [2001, c. 478, §4 (NEW); 2001, c. 478, §11 (AFF).]











J. A transaction or combination of transactions between a person, including affiliates
of that person, and an insurer, including affiliates of that insurer, that involves
the transfer of investment or credit risk unaccompanied by transfer of insurance risk;
and [2001, c. 478, §4 (NEW); 2001, c. 478, §11 (AFF).]











K. Insurance provided by or guaranteed by a governmental entity. [2001, c. 478, §4 (NEW); 2001, c. 478, §11 (AFF).]








[
2001, c. 478, §§1-4 (AMD);
2001, c. 478, §11 (AFF)
.]





SECTION HISTORY

1969, c. 561, (NEW).
1985, c. 279, §1 (AMD).
1987, c. 707, §§3-6 (AMD).
1989, c. 67, §1 (AMD).
1989, c. 751, §1 (AMD).
1991, c. 885, §E32 (AMD).
1991, c. 885, §E47 (AFF).
2001, c. 478, §§1-4 (AMD).
2001, c. 478, §11 (AFF).