On or after December 1, 1993, all All nonprofit hospital or medical service organizations and nonprofit health care plans providing payment or reimbursement for diagnosis or treatment of a condition or a complaint by a licensed physician or chiropractor must accept the current standardized claim form for professional services approved by the Federal Government in electronic format. On or after December 1, 1993, all All nonprofit hospital or medical service organizations and nonprofit health care plans providing payment or reimbursement for diagnosis or treatment of a condition or a complaint by a licensed hospital must accept the current standardized claim form for professional or facility services, as applicable, approved by the Federal Government and submitted electronically. A nonprofit hospital or medical service organization or nonprofit health care plan may not be required to accept a claim submitted on a form other than the applicable form specified in this section and may not be required to accept a claim that is not submitted electronically.

Sec. D-4. 24-A MRSA §423-D is enacted to read:

§423-D.__Annual report

The superintendent shall adopt routine technical rules as defined in Title 5, chapter 375, subchapter 2-A regarding specifications for an annual report to be filed by each authorized insurer on or before March 1st of each year, or within any reasonable extension of time that the superintendent for good cause may have granted on or before March 1st.__The annual reports must provide the public with general, understandable and comparable financial information relative to the operations of authorized insurers.__Such information must include, but is not limited to, medical claims expense, administrative expense and underwriting gain for each line segment of the market in this State in which the insurer participates.__The superintendent shall develop standardized definitions of each reported measure.

Sec. D-5. 24-A MRSA §1952, as enacted by PL 1995, c. 673, Pt. A, §3, is amended to read:

§1952. Licensure

A person or entity may not market, sell, offer or arrange for a package of one or more health benefit plans underwritten by 2 or more carriers without first being licensed by the superintendent. The superintendent shall specify by rule standards and procedures for the issuance and renewal of licenses