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periods upon a filing by the small group carrier and a finding by | | the superintendent that either the suspension is reasonable in | | light of the financial condition of the carrier or that the | | suspension would enhance the efficiency and fairness of the | | marketplace for small group health plans. |
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| | | 10.__Applicability.__This section applies to all small group | | health plan policies, contracts and certificates executed, | | delivered, issued for delivery, continued or renewed in this | | State on or after January 1, 2007.__For purposes of this section, | | all contracts are deemed to be renewed no later than the next | | yearly anniversary of the contract date. |
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| | | Sec. B-13. 24-A MRSA §2850-B, sub-§2, ¶C, as enacted by PL 1997, c. 445, | | §30 and affected by §32, is amended to read: |
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| | | C. "Large group market" means groups not subject to section | 2736-C or 2808-B 2808-C. |
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| | | Sec. B-14. 24-A MRSA §2850-B, sub-§2, ¶D, as enacted by PL 1997, c. 445, | | §30 and affected by §32, is amended to read: |
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| | | D. "Small group market" means groups subject to section | 2808-B 2808-C. |
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| | | Sec. B-15. 24-A MRSA §2850-B, sub-§3, ¶G, as amended by PL 2003, c. | | 428, Pt. A, §1, is further amended to read: |
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| | | G. When the carrier ceases offering a product and meets the | | following requirements: |
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| | | (1) In the large group market: |
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| | | (a) The carrier must provide notice to the | | policyholder and to the insureds at least 90 days | | before termination; |
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| | | (b) The carrier must offer to each policyholder | | the option to purchase any other product currently | | being offered in the large group market; and |
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| | | (c) In exercising the option to discontinue the | | product and in offering the option of coverage | | under division (b), the carrier must act uniformly | | without regard to the claims experience of the | | policyholders or the health status of the insureds | | or prospective insureds; |
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| | | (2) In the small group market: |
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