02-031 C.M.R. ch. 240, § 2 - Purpose

Current through 2022-14, April 6, 2022

(A) The purpose of this Rule is to require insurers to deliver to purchasers of life insurance information which will improve the buyer's ability to select the most appropriate plan of life insurance for his or her needs, improve the buyer's understanding of the basic features of the policy which has been purchased or which is under consideration and improve the ability of the buyer to evaluate the relative costs of similar plans of life insurance.
(B) This Rule does not prohibit the use of additional material which is not in violation of this Rule or any other Maine statute or Rule.

Notes

02-031 C.M.R. ch. 240, § 2

The following state regulations pages link to this page.



State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.