Me. Rev. Stat. » Title 24-A
Maine Revised Statutes

Me. Rev. Stat. tit. 24-A, § 2425 (2026)

Payment discharges insurer

✓ current as of May 2026
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Whenever the proceeds of or payments under an insurance policy or annuity contract heretofore or hereafter issued become payable in accordance with the terms of such policy or contract, or the exercise of any right or privilege thereunder, and the insurer makes payment thereof in accordance therewith or in accordance with any written assignment thereof, the person then designated as being entitled thereto shall be entitled to receive such proceeds or payments and to give full acquittance therefor, and such payments shall fully discharge the insurer from all claims under the policy or contract unless, before payment is made, the insurer has received at its home office written notice by or on behalf of some other person that such other person claims to be entitled to such payment or some interest in the policy or contract.   [PL 1969, c. 132, §1 (NEW).]
SECTION HISTORY
PL 1969, c. 132, §1 (NEW).
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Notes of Decisions
Cited in 1 case, 2004–2004 · leading case: Mariculture Prods. Ltd. v. Certain Underwriters at Lloyd's of London, 854 A.2d 1100 (Conn. App. Ct. 2004).
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Mariculture Prods. Ltd. v. Certain Underwriters at Lloyd's of London, 854 A.2d 1100 (Conn. App. Ct. 2004). · cites it 4× “The plaintiff claims *698 that § 2425 is intended to limit the circumstances under which an assignee can discharge an insurer and that the plain language of the statute includes the named insured within the definition of “some other person .”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.