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
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