Maine § 2071. - Deposit account for proceeds of insurance policy or annuity
Full text of Maine Maine Revised Statutes § 2071. — Deposit account for proceeds of insurance policy or annuity, with citation guidance and answers to common questions.
§ 2071.. Deposit account for proceeds of insurance policy or annuity
If proceeds payable under a life or endowment insurance policy or annuity contract are deposited into an account with check-writing or draft-writing privileges for the beneficiary of the policy or contract and, under a supplementary contract not involving annuity benefits other than death benefits, the proceeds are retained by the insurance company or the financial organization where the account is held, the policy or contract includes the assets in the account. [PL 2019, c. 498, §22 (NEW).]
Source: official Maine text · Last verified 2026-08-27
Frequently Asked Questions About Maine § 2071.
What does Maine Revised Statutes § 2071. cover?
Section 2071. ("Deposit account for proceeds of insurance policy or annuity") is part of the Maine Revised Statutes, the codified statutory law of Maine. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maine § 2071.?
A common citation format is "Maine Revised Statutes § 2071." (Maine). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maine law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maine official source linked on this page or consult a licensed Maine attorney.
How does Maine § 2071. apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maine can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maine.