LD 1577
pg. 2
Page 1 of 20 PUBLIC Law Chapter 400 Page 3 of 20
Download Chapter Text
LR 1479
Item 1

 
plans as defined in section 2736-C, the insurer must disclose any
rate increase that the insurer anticipates implementing within the
following 30 days. If the quote is in writing, the disclosure must
also be in writing. If the increase is pending approval at the time
of notice, the disclosure must include the proposed rate and state
that it is subject to regulatory approval. If disclosure required
by this subsection is not provided, an increase may not be
implemented until at least 30 days after the date the quote is
provided.

 
This subsection is repealed January 1, 2007.

 
Sec. A-2. 24-A MRSA §2839-A, sub-§§1-A and 3 are enacted to read:

 
1-A.__Notice of rate increase on existing policies renewed in
calendar year 2006. Notwithstanding subsection 1, for existing
policies renewed in calendar year 2006, an insurer offering group
health insurance for 2006 plan years, except for accidental
injury, specified disease, hospital indemnity, disability income,
Medicare supplement, long-term care or other limited benefit
group health insurance, must provide written notice by first
class mail of a rate increase to all affected policyholders or
others who are directly billed for group coverage at least 30
days before the effective date of any increase in premium rates.
An increase in premium rates may not be implemented until 30 days
after the notice is provided.

 
This subsection is repealed January 1, 2007.

 
3.__Notice of rate increase on new business for calendar year
2006. Notwithstanding subsection 2, for new business quoted in
calendar year 2006 by an insurer offering group health insurance,
except for accidental injury, specified disease, hospital
indemnity, disability income, Medicare supplement, long-term care
or other limited benefit group health insurance, quotes a rate
for new business, the insurer must disclose any rate increase
that the insurer anticipates implementing within the following 30
days. If the quote is in writing, the disclosure must also be in
writing. If such disclosure is not provided, an increase may not
be implemented until at least 30 days after the date the quote is
provided.

 
This subsection is repealed January 1, 2007.

 
Sec. A-3. 24-A MRSA §6903, sub-§4, as enacted by PL 2003, c. 469, Pt.
A, §8, is repealed.

 
Sec. A-4. 24-A MRSA §6903, sub-§4-A is enacted to read:


Page 1 of 20 Top of Page Page 3 of 20
Related Pages
  Search Bill Text Legislative Information
Bill Directory Search
Bill
Status
Session Information
119th Legislature Bills Maine Legislature

Office of Legislative Information
100 State House Station
Augusta, ME 04333
voice: (207) 287-1692
fax: (207) 287-1580
tty: (207) 287-6826
Word Viewer for Windows Disclaimer