Maine Revised Statutes

Me. Rev. Stat. tit. 24-A, § 2513 (2026)

Payment of claims

✓ current as of May 2026

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There shall be a provision that when the benefits under the policy shall become payable by reason of the death of the insured, settlement shall be made upon receipt of due proof of death and, at the insurer's option, surrender of the policy and proof of the interest of the claimant. If an insurer shall specify a particular period prior to the expiration of which settlement shall be made, such period shall not exceed 2 months from the receipt of such proofs. [PL 1969, c. 132, §1 (NEW).]

SECTION HISTORY

PL 1969, c. 132, §1 (NEW).

Notes of Decisions

Cited in 2 cases, 1982–2002 · leading case: Depositors Trust Co. v. Farm Fam. Life Ins. Co., 445 A.2d 1014 (Me. 1982).

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Depositors Trust Co. v. Farm Fam. Life Ins. Co., 445 A.2d 1014 (Me. 1982). “On the other hand, the payment period for life insurance is established by 24-A M.R.S.A. § 2513 (1974) to be two months from receipt by the insurer of due proof of death.”

LaMarche v. Metro. Life Ins., 236 F. Supp. 2d 50 (D. Me. 2002). “See 24-A M.R.S.A. § 2513 (requiring that life insurance contracts provide that benefits “shall be made upon receipt of due proof of death and, at- the insurer’s option, surrender of the policy and proof of the interest of the claimant”).”

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