# 24-A M.R.S. § 702: 24-A §702. "Life insurance" defined

> Maine · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_ME_T24-A_C9_S702

## Section

- **Citation:** 24-A M.R.S. § 702
- **Heading:** 24-A §702. "Life insurance" defined
- **Jurisdiction:** Maine
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** ME Code / Title 24-A / Chapter 9 / Section 702

## Text

Life insurance is insurance on human lives. The transaction of life insurance includes also the granting endowment benefits, additional benefits in event of death or dismemberment by accident or accidental means, additional benefits in event of the insured's disability, and optional modes of settlement of proceeds of life insurance. [PL 1969, c. 132, §1 (NEW).]

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_ME_T24-A_C9_S702. Check the current official text before relying on it. Not legal advice.