Resolve, Directing the Bureau of Insurance To Amend Its Rules Pertaining to 3rd-party Notice of Cancellation

Sec. 1. Bureau of Insurance to amend rules regarding 3rd-party notice of cancellation. Resolved: That the Department of Professional and Financial Regulation, Bureau of Insurance shall amend Bureau of Insurance Rule Chapter 580 to provide for a 3rd alternative method of satisfying 3rd-party notice requirements. This 3rd alternative must provide that when an insured pays the premium for a policy through a payroll deduction plan, any requirement for an insurer to collect 3rd-party notification information may be deferred until 60 days after the insured is no longer on the payroll plan. Rules adopted pursuant to this section are routine technical rules as defined in the Maine Revised Statutes, Title 5, chapter 375, subchapter 2-A.