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24-A §2168-A. Tie-in sales of insurance

24-A ME Rev Stat § 2168-A (2019) (N/A)
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§2168-A. Tie-in sales of insurance

1.  Definition.  As used in this section, "tie-in sales" means the practice of tying the sale of one product to another.

[PL 1991, c. 49 (NEW).]

2.  Prohibited tie-in sales.  In the purchase of insurance, tie-in sales are an unfair trade practice when:

A. The consumer is required to place additional coverage with an insurer not of the consumer's choice in order to obtain a desired coverage; and   [PL 1991, c. 49 (NEW).]

B. The consumer's alternative opportunities to purchase the desired coverage are severely limited or nonexistent.   [PL 1991, c. 49 (NEW).]

[PL 1991, c. 49 (NEW).]

3.  Penalties.  An insurance contract sold in violation of the provisions of this section is voidable at the option of the consumer. Violations of this section are enforceable through section 12-A.

[PL 1991, c. 49 (NEW).]

SECTION HISTORY

PL 1991, c. 49 (NEW).

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24-A §2168. Coercion in requiring insurance
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24-A §2168-B. Solicitation or negotiation involving purchasers or borrowers