Sec. 3. 24-A MRSA §2736-C, sub-§2, ¶E, as amended by PL 1999, c. 44, §1 and affected by §2, is repealed.

Sec. 4. 24-A MRSA §2736-C, sub-§5, as enacted by PL 1993, c. 477, Pt. C, §1 and affected by Pt. F, §1, is amended to read:

5. Loss ratios. For all policies issued on or after the effective date of this section October 15, 2003, the superintendent shall disapprove any premium rates filed by any carrier, whether initial or revised, for an individual health policy unless it is anticipated that the aggregate benefits estimated to be paid under all the individual health policies maintained in force by the carrier for the period for which coverage is to be provided will return to policyholders at least 65% 85% of the aggregate premiums collected for those policies, as determined in accordance with accepted actuarial principles and practices and on the basis of incurred claims experience and earned premiums.

Sec. 5. 24-A MRSA §2736-C, sub-§9, ¶C, as enacted by PL 1995, c. 570, §7, is amended to read:

C. The group's anticipated loss ratio, as defined in subsection 5, is at least 75% 85%;

Sec. 6. 24-A MRSA §2736-C, sub-§10 is enacted to read:

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Sec. 7. 24-A MRSA §2808-B, sub-§2, ¶D, as amended by PL 2001, c. 410, Pt. A, §4 and affected by §10, is further amended to read:

D. A carrier may vary the premium rate due to age, occupation or industry and geographic area only under the following schedule and within the listed percentage bands.

(1) For all policies, contracts or certificates that are executed, delivered, issued for delivery, continued or renewed in this State between July 15, 1993 and July 14, 1994, the premium rate may not deviate above or