reglab/housing_qa huggingface dataset:
24-A ME Rev Stat § 2539 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 29: LIFE INSURANCE AND ANNUITY CONTRACTS|24-A §2539. Holding proceeds of policies in trust

 §2539. Holding proceeds of policies in trust 1.  Any domestic life insurer shall have power to hold the proceeds of any policy issued by it under a trust or other agreement upon such terms and restrictions as to revocation by the policyholder and control by the beneficiaries and with such exemptions from the claims of creditors of beneficiaries other than the policyholder as shall have been agreed to in writing by the insurer and the policyholder.   [PL 1969, c. 132, §1 (NEW).] 2.  The insurer shall not be required to segregate funds so held but may hold them as a part of its general corporate assets.   [PL 1969, c. 132, §1 (NEW).] 3.  A foreign or alien insurer, when authorized by its charter or the laws of its domicile, may exercise any such powers with respect to policies issued to or held by residents of this State.   [PL 1969, c. 132, §1 (NEW).] 4.  Nothing in this section shall be construed to subject any such insurer to any other laws or requirements of this State which would not be deemed applicable in the absence of this section.   [PL 1969, c. 132, §1 (NEW).] SECTION HISTORY PL 1969, c. 132, §1 (NEW).
24-A ME Rev Stat § 2540 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 29: LIFE INSURANCE AND ANNUITY CONTRACTS|24-A §2540. "Wholesale life insurance" defined

 §2540. "Wholesale life insurance" defined "Wholesale life insurance" is that plan of life insurance, other than salary savings life insurance or pension trust insurance and annuities, under which individual policies are issued to the employees of any employer and where such policies are issued on the lives of not less than 3 employees at date of issue. Premiums for such policies shall be paid either wholly from the employer's funds, or funds contributed by him, or partly from such funds and partly from funds contributed by the insured employees. In addition to the wholesale plans referred to in this section, wholesale life insurance may also be issued to any group of persons eligible for franchise health insurance under section 2740, subject to the terms and conditions of that section.   [PL 1979, c. 141 (AMD).]SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1973, c. 204 (AMD). PL 1979, c. 141 (AMD).
24-A ME Rev Stat § 2541 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 29: LIFE INSURANCE AND ANNUITY CONTRACTS|24-A §2541. Short title

 §2541. Short title Sections 2541 to 2551 shall be known as the "Standard Nonforfeiture Law for Individual Deferred Annuities."   [PL 1979, c. 442, §4 (NEW).]SECTION HISTORY PL 1979, c. 442, §4 (NEW).
24-A ME Rev Stat § 2542 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 29: LIFE INSURANCE AND ANNUITY CONTRACTS|24-A §2542. Applicability

 §2542. Applicability Sections 2541 to 2551 shall not apply to any reinsurance, group annuity purchased under a retirement plan or plan of deferred compensation established or maintained by an employer, including a partnership or sole proprietorship, or by an employee organization, or by both, other than a plan providing individual retirement accounts or individual retirement annuities under the United States Internal Revenue Code, Section 408, as now or hereafter amended, premium deposit fund, variable annuity, investment annuity, immediate annuity, any deferred annuity contract after annuity payments have commenced, or reversionary annuity, nor to any contract which shall be delivered outside this State through an agent or other representative of the company issuing the contract.   [PL 1979, c. 442, §4 (NEW).]SECTION HISTORY PL 1979, c. 442, §4 (NEW).
24-A ME Rev Stat § 2543 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 29: LIFE INSURANCE AND ANNUITY CONTRACTS|24-A §2543. Nonforfeiture provisions

 §2543. Nonforfeiture provisions 1.  In the case of contracts issued on or after January 1, 1980, no contract of annuity, except as stated in section 2542, shall be delivered in this State unless it contains in substance the following provisions, or corresponding provisions which in the opinion of the superintendent are at least as favorable to the contract holder, upon cessation of payment of considerations under the contract:   A. Upon cessation of payment of considerations under a contract, the insurer will grant a paid-up annuity benefit on a plan stipulated in the contract of such value as is specified in sections 2545 to 2548 and section 2550;   [PL 1979, c. 442, §4 (NEW).]B. If a contract provides for a lump sum settlement at maturity, or at any other time, upon surrender of the contract at or prior to the commencement of any annuity payments, the insurer will pay in lieu of any paid-up annuity benefit a cash surrender benefit of such amount as is specified in sections 2545 to 2548 and section 2550. The insurer shall reserve the right to defer the payment of the cash surrender benefit for a period of 6 months after demand therefor with surrender of the contract;   [PL 1979, c. 442, §4 (NEW).]C. A statement of the mortality table, if any, and interest rates used in calculating any minimum paid-up annuity, cash surrender or death benefits that are guaranteed under the contract, together with sufficient information to determine the amounts of the benefits; and   [PL 1979, c. 442, §4 (NEW).]D. A statement that any paid-up annuity, cash surrender or death benefits that may be available under the contract are not less than the minimum benefits required by any statute of the state in which the contract is delivered and an explanation of the manner in which the benefits are altered by the existence of any additional amounts credited by the insurer to the contract, any indebtedness to the insurer on the contract or any prior withdrawals from or partial surrenders of the contract.   [PL 1979, c. 442, §4 (NEW).][PL 1979, c. 442, §4 (NEW).] 2.  Notwithstanding the requirements of sections 2541 to 2551, any deferred annuity contract may provide that if no considerations have been received under a contract for a period of 2 full years and the portion of the paid-up annuity benefit at maturity on the plan stipulated in the contract arising from considerations paid prior to that period would be less than $20 monthly, the insurer may at its option terminate the contract by payment in cash of the then present value of that portion of the paid-up annuity benefit, calculated on the basis of the mortality table, if any, and interest rate specified in the contract for determining the paid-up annuity benefit, and by that payment shall be relieved of any further obligation under that contract.   [PL 1979, c. 442, §4 (NEW).] SECTION HISTORY PL 1979, c. 442, §4 (NEW).
24-A ME Rev Stat § 2545 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 29: LIFE INSURANCE AND ANNUITY CONTRACTS|24-A §2545. Computation of present value

 §2545. Computation of present value Any paid-up annuity benefit available under a contract shall be such that its present value on the date annuity payments are to commence is at least equal to the minimum nonforfeiture amount on that date. The present value shall be computed using the mortality table, if any, and the interest rate specified in the contract for determining the minimum paid-up annuity benefits guaranteed in the contract.   [PL 1979, c. 442, §4 (NEW).]SECTION HISTORY PL 1979, c. 442, §4 (NEW).
24-A ME Rev Stat § 2546 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 29: LIFE INSURANCE AND ANNUITY CONTRACTS|24-A §2546. Calculation of cash surrender values

 §2546. Calculation of cash surrender values For contracts that provide cash surrender benefits, the cash surrender benefits available prior to maturity may not be less than the present value as of the date of surrender of that portion of the maturity value of the paid-up annuity benefit that would be provided under the contract at maturity arising from considerations paid prior to the time of cash surrender reduced by the amount appropriate to reflect any prior withdrawals from or partial surrenders of the contract, the present value being calculated on the basis of an interest rate not more than 1% higher than the interest rate specified in the contract for accumulating the net considerations to determine the maturity value, decreased by the amount of any indebtedness to the insurer on the contract, including interest due and accrued, and increased by any existing additional amounts credited by the insurer to the contract. In no event may any cash surrender benefit be less than the minimum nonforfeiture amount at that time. The death benefit under the contracts must be at least equal to the cash surrender benefit.   [PL 2017, c. 475, Pt. A, §40 (AMD).]SECTION HISTORY PL 1979, c. 442, §4 (NEW). PL 2017, c. 475, Pt. A, §40 (AMD).
24-A ME Rev Stat § 2547 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 29: LIFE INSURANCE AND ANNUITY CONTRACTS|24-A §2547. Calculation of paid-up annuity benefits

 §2547. Calculation of paid-up annuity benefits For contracts which do not provide cash surrender benefits, the present value of any paid-up annuity benefit available as a nonforfeiture option at any time prior to maturity shall not be less than the present value of that portion of the maturity value of the paid-up annuity benefit provided under the contract arising from considerations paid prior to the time the contract is surrendered in exchange for, or changed to, a deferred paid-up annuity, the present value being calculated for the period prior to the maturity date on the basis of the interest rate specified in the contract for accumulating the net considerations to determine the maturity value, and increased by existing additional amounts credited by the insurer to the contract. For contracts which do not provide any death benefits prior to the commencement of any annuity payments, the present values shall be calculated on the basis of the interest rate and the mortality table specified in the contract for determining the maturity value of the paid-up annuity benefit. In no event shall the present value of a paid-up annuity benefit be less than the minimum nonforfeiture amount at that time.   [PL 1979, c. 442, §4 (NEW).]SECTION HISTORY PL 1979, c. 442, §4 (NEW).
24-A ME Rev Stat § 2548 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 29: LIFE INSURANCE AND ANNUITY CONTRACTS|24-A §2548. Maturity date

 §2548. Maturity date For the purpose of determining the benefits calculated under section 2546 and 2547, in the case of annuity contracts under which an election may be made to have annuity payments commence at optional maturity dates, the maturity date shall be deemed to be the latest date for which election shall be permitted by the contract, but shall not be deemed to be later than the anniversary of the contract next following the annuitant's 70th birthday or the 10th anniversary of the contract, whichever is later.   [PL 1979, c. 442, §4 (NEW).]SECTION HISTORY PL 1979, c. 442, §4 (NEW).
24-A ME Rev Stat § 2549 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 29: LIFE INSURANCE AND ANNUITY CONTRACTS|24-A §2549. Disclosure of limited death benefits

 §2549. Disclosure of limited death benefits Any contract which does not provide cash surrender benefits or does not provide death benefits at least equal to the minimum nonforfeiture amount prior to the commencement of any annuity payments shall include a statement in a prominent place in the contract that those benefits are not provided.   [PL 1979, c. 442, §4 (NEW).]SECTION HISTORY PL 1979, c. 442, §4 (NEW).
24-A ME Rev Stat § 2550 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 29: LIFE INSURANCE AND ANNUITY CONTRACTS|24-A §2550. Inclusion of lapse of time considerations

 §2550. Inclusion of lapse of time considerations Any paid-up annuity, cash surrender or death benefits available at any time, other than on the contract anniversary under any contract with fixed scheduled considerations, shall be calculated with allowance for the lapse of time and the payment of any scheduled considerations beyond the beginning of the contract year in which cessation of payment of considerations under the contract occurs.   [PL 1979, c. 442, §4 (NEW).]SECTION HISTORY PL 1979, c. 442, §4 (NEW).
24-A ME Rev Stat § 2551 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 29: LIFE INSURANCE AND ANNUITY CONTRACTS|24-A §2551. Proration of values; additional benefits

 §2551. Proration of values; additional benefits For any contract which provides, within the same contract by rider or supplemental contract provision, both annuity benefits and life insurance benefits that are in excess of the greater of cash surrender benefits or a return of the gross considerations with interest, the minimum nonforfeiture benefits shall be equal to the sum of the minimum nonforfeiture benefits for the annuity portion and the minimum nonforfeiture benefits, if any, for the life insurance portion computed as if each portion were a separate contract. Notwithstanding the provisions of sections 2545 to 2548 and section 2550, additional benefits payable, in the event of total and permanent disability, as reversionary annuity or deferred reversionary annuity benefits, or as other policy benefits additional to life insurance, endowment and annuity benefits, and considerations for all these additional benefits, shall be disregarded in ascertaining the minimum nonforfeiture amounts, paid-up annuity, cash surrender and death benefits that may be required by sections 2541 to 2551. The inclusion of the additional benefits shall not be required in any paid-up benefits, unless the additional benefits separately would require minimum nonforfeiture amounts, paid-up annuity, cash surrender and death benefits.   [PL 1979, c. 442, §4 (NEW).]SECTION HISTORY PL 1979, c. 442, §4 (NEW).
24-A ME Rev Stat § 2552 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 29: LIFE INSURANCE AND ANNUITY CONTRACTS|24-A §2552. Definitions

 §2552. Definitions For the purposes of sections 2553 and 2554 the "published monthly average" means:   [PL 1981, c. 188, §4 (NEW).]1.  Moody's Corporate Bond Yield Average-Monthly Average Corporates as published by Moody's Investors Services, Inc. or any successor thereto; or   [PL 1981, c. 188, §4 (NEW).] 2.  In the event that Moody's Corporate Bond Yield Average-Monthly Average Corporates is no longer published, a substantially similar average, established by regulation issued by the superintendent.   [PL 1981, c. 188, §4 (NEW).] SECTION HISTORY PL 1981, c. 188, §4 (NEW).
24-A ME Rev Stat § 2554 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 29: LIFE INSURANCE AND ANNUITY CONTRACTS|24-A §2554. Applicability to existing policies

 §2554. Applicability to existing policies The provisions of sections 2552 and 2553 shall not impair any insurance contract issued before the effective date of this Act.   [PL 1981, c. 188, §4 (NEW).]SECTION HISTORY PL 1981, c. 188, §4 (NEW).
24-A ME Rev Stat § 2555 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 29: LIFE INSURANCE AND ANNUITY CONTRACTS|24-A §2555. Inclusion of nursing home benefits in life insurance policies

 §2555. Inclusion of nursing home benefits in life insurance policies 1.  In order to offer a life insurance policy providing for acceleration of life insurance or annuity benefits in advance of the time the benefits would otherwise be payable because of confinement to a nursing home or long-term care facility, receipt of home health care or hospice care benefits, diagnosis of terminal illness or for substantially similar reasons, the insurer must have a certificate of authority to transact life or life and health insurance in this State.   [PL 1989, c. 26 (NEW).] 2.  The superintendent shall promulgate reasonable rules, in accordance with the Maine Administrative Procedure Act, Title 5, chapter 375, to provide for the full and fair disclosure of information in connection with the sale of the policies referred to in subsection 1, and may include, but are not limited to, definitions, acceptable restrictions on benefit payments, coverage periods and nonforfeiture requirements.   [PL 1989, c. 26 (NEW).] SECTION HISTORY PL 1989, c. 26 (NEW).
24-A ME Rev Stat § 2571 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 30: ANNUITY AGREEMENTS WITH THE UNIVERSITY OF MAINE SYSTEM|24-A §2571. Eligibility (REPEALED)

 §2571. Eligibility (REPEALED)SECTION HISTORY PL 1977, c. 261, §2 (NEW). PL 1985, c. 779, §65 (AMD). PL 1995, c. 375, §C6 (RP).
24-A ME Rev Stat § 2572 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 30: ANNUITY AGREEMENTS WITH THE UNIVERSITY OF MAINE SYSTEM|24-A §2572. Certificate of authority (REPEALED)

 §2572. Certificate of authority (REPEALED)SECTION HISTORY PL 1977, c. 261, §2 (NEW). PL 1981, c. 546, §1 (AMD). PL 1985, c. 779, §66 (AMD). PL 1995, c. 375, §C6 (RP).
24-A ME Rev Stat § 2573 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 30: ANNUITY AGREEMENTS WITH THE UNIVERSITY OF MAINE SYSTEM|24-A §2573. Reserve requirements (REPEALED)

 §2573. Reserve requirements (REPEALED)SECTION HISTORY PL 1977, c. 261, §2 (NEW). PL 1981, c. 546, §2 (RPR). PL 1995, c. 375, §C6 (RP).
24-A ME Rev Stat § 2574 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 30: ANNUITY AGREEMENTS WITH THE UNIVERSITY OF MAINE SYSTEM|24-A §2574. Filing Copies of Annuity Agreements (REPEALED)

 §2574. Filing Copies of Annuity Agreements (REPEALED)SECTION HISTORY PL 1977, c. 261, §2 (NEW). PL 1981, c. 546, §3 (RPR). PL 1995, c. 375, §C6 (RP).
24-A ME Rev Stat § 2574-A (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 30: ANNUITY AGREEMENTS WITH THE UNIVERSITY OF MAINE SYSTEM|24-A §2574-A. Surplus funds (REPEALED)

 §2574-A. Surplus funds (REPEALED)SECTION HISTORY PL 1981, c. 546, §4 (NEW). PL 1995, c. 375, §C6 (RP).
24-A ME Rev Stat § 2575 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 30: ANNUITY AGREEMENTS WITH THE UNIVERSITY OF MAINE SYSTEM|24-A §2575. Required contents of annuity agreement (REPEALED)

 §2575. Required contents of annuity agreement (REPEALED)SECTION HISTORY PL 1977, c. 261, §2 (NEW). PL 1981, c. 546, §§5,6 (AMD). PL 1995, c. 375, §C6 (RP).
24-A ME Rev Stat § 2576 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 30: ANNUITY AGREEMENTS WITH THE UNIVERSITY OF MAINE SYSTEM|24-A §2576. Reinsurance (REPEALED)

 §2576. Reinsurance (REPEALED)SECTION HISTORY PL 1977, c. 261, §2 (NEW). PL 1981, c. 546, §7 (RPR). PL 1995, c. 375, §C6 (RP).
24-A ME Rev Stat § 2577 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 30: ANNUITY AGREEMENTS WITH THE UNIVERSITY OF MAINE SYSTEM|24-A §2577. Examinations (REPEALED)

 §2577. Examinations (REPEALED)SECTION HISTORY PL 1977, c. 261, §2 (NEW). PL 1981, c. 546, §8 (RPR). PL 1995, c. 375, §C6 (RP).
24-A ME Rev Stat § 2578 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 30: ANNUITY AGREEMENTS WITH THE UNIVERSITY OF MAINE SYSTEM|24-A §2578. Exemptions (REPEALED)

 §2578. Exemptions (REPEALED)SECTION HISTORY PL 1977, c. 261, §2 (NEW). PL 1995, c. 375, §C6 (RP).
24-A ME Rev Stat § 2601 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 31: GROUP LIFE INSURANCE|24-A §2601. Scope of chapter -- short title

 §2601. Scope of chapter -- short title 1.  This chapter applies only to group life insurance.   [PL 1969, c. 132, §1 (NEW).] 2.  This chapter does not apply to any contracts or policies entered into or issued prior to August 6, 1949 nor to any extensions, renewals or modifications thereof or amendments thereto whenever made.   [PL 1969, c. 132, §1 (NEW).] 3.  This chapter may be known and cited as the "Group Life Insurance Law."   [PL 1969, c. 132, §1 (NEW).] SECTION HISTORY PL 1969, c. 132, §1 (NEW).
24-A ME Rev Stat § 2602 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 31: GROUP LIFE INSURANCE|24-A §2602. Group contracts must meet group requirements (REPEALED)

 §2602. Group contracts must meet group requirements (REPEALED)SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1981, c. 150, §1 (RP).
24-A ME Rev Stat § 2602-A (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 31: GROUP LIFE INSURANCE|24-A §2602-A. Eligible groups

 §2602-A. Eligible groups Except as provided in section 2612‑A, no policy of group life insurance may be delivered in this State unless it conforms to one of the descriptions in sections 2603 to 2610-A.   [PL 1981, c. 150, §2 (NEW).]SECTION HISTORY PL 1981, c. 150, §2 (NEW).
24-A ME Rev Stat § 2603 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 31: GROUP LIFE INSURANCE|24-A §2603. Employee groups

 §2603. Employee groups The lives of a group of individuals may be insured under a policy issued to an employer or to the trustees of a fund established by an employer, which employer or trustees are considered the policyholder, to insure employees of the employer for the benefit of persons other than the employer, subject to the following requirements.   [PL 1981, c. 150, §3 (RPR).]1.  The employees eligible for insurance under the policy shall be all of the employees of the employer, or all of any class or classes thereof. The policy may provide that the term "employees" includes the employees of one or more subsidiary corporations, and the employees, individual proprietors and partners of one or more affiliated corporations, proprietorships or partnerships if the business of the employer and of the affiliated corporations, proprietorships or partnerships is under common control. The policy may provide that the term "employees" includes the individual proprietor or partners if the employer is an individual proprietorship or partnership. The policy may provide that the term "employees" includes retired employees and directors of a corporate employer. A policy issued to insure the employees of a public body may provide that the term "employees" includes elected or appointed officials.   [PL 1981, c. 150, §3 (RPR).] 2.  The premium for the policy shall be paid either from the employer's funds or from funds contributed by the insured employees, or from both. Except as provided in subsection 3, a policy on which no part of the premium is to be derived from funds contributed by the insured employees must insure all eligible employees, except those who reject that coverage in writing.   [PL 1981, c. 150, §3 (RPR).] 3.  An insurer may exclude or limit the coverage on any person as to whom evidence of individual insurability is not satisfactory to the insurer.   [PL 1981, c. 150, §3 (RPR).] 4.   [PL 1981, c. 150, §3 (RP).] SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1981, c. 150, §3 (RPR).
24-A ME Rev Stat § 2604 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 31: GROUP LIFE INSURANCE|24-A §2604. Debtor groups (REPEALED)

 §2604. Debtor groups (REPEALED)SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1969, c. 177, §41 (AMD). PL 1977, c. 672, §1 (AMD). PL 1979, c. 369 (AMD). PL 1979, c. 667, §2 (AMD). PL 1981, c. 150, §4 (RP).
24-A ME Rev Stat § 2605 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 31: GROUP LIFE INSURANCE|24-A §2605. Labor union groups (REPEALED)

 §2605. Labor union groups (REPEALED)SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1981, c. 150, §6 (RP).