insurance to require that, in addition to the existing requirement |
of a 10-day notice before cancellation of a policy, insurance |
companies provide the Secretary of State with a 10-day notice |
before termination of a policy occurs by expiration. In either |
case the Secretary of State must demand proof of financial |
responsibility under the Maine Revised Statutes, Title 29-A, |
section 1602, and the demand must include notice of the penalties |
for failure to provide proof. Under the terms of section 1602, |
subsection 2, failure to comply with the demand within 30 days will |
result in the suspension of the person's license, of the |
registration of the vehicle for which proof of insurance was not |
provided and of the right to apply for a license or registration. |