LD 667
pg. 2
Page 1 of 6 An Act To Amend the Maine Insurance Code Page 3 of 6
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LR 1732
Item 1

 
expiration of the policy, except for one or more of the
following grounds:

 
A. Nonpayment of premium;

 
B. Fraud or material misrepresentation made by or with
the knowledge of the named insured in obtaining the
policy, in continuing the policy or in presenting a claim
under the policy, or the discovery of the commission of a
fraudulent insurance act as defined in section 2186;

 
C. Substantial change in the risk which that increases
the risk of loss after insurance coverage has been issued
or renewed, including, but not limited to, an increase in
exposure due to regulation, legislation or court decision;

 
D. Failure to comply with reasonable loss control
recommendations within a reasonable period of time, not to
exceed 120 days;

 
E. Substantial breach of contractual duties, conditions
or warranties; or

 
F. Determination by the superintendent that the
continuation of a class or block of business to which the
policy belongs will jeopardize a company's solvency or
will place the insurer in violation of the insurance laws
of this State or any other state.;

 
G.__Failure by the applicant or the insured to disclose a
negligent act or acts, or a failure to disclose material
facts that would, if coverage is effectuated without
knowledge by the insurer, substantially alter the terms of
the policy to be issued or renewed;

 
H.__Discovery that the insured property is unoccupied and
that custodial care is not maintained on the property;

 
I.__The presence of a trampoline on the premises if the
insured is notified that the policy will be cancelled if
the trampoline is not removed and the trampoline, after
notice, remains on the property 30 or more days after the
date of notice;

 
J.__The presence of a swimming pool upon the insured
property that is not fenced in, in accordance with the
standards established in Title 22, section 1631, if the
pool fence remains in noncompliance with those standards
for 30 days after notice by the insurer of the defective
condition and intent to cancel the policy;


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