CHAPTER 538
S.P. 866 - L.D. 2264
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 24-A MRSA §2412-A, sub-§1, ¶B, as enacted by PL 1999, c. 328, §1, is amended by amending subparagraph (2), division (b), subdivision (iv) to read:
(iv) From After January 1, 2003 until December 31, 2003, $50,000.
Sec. 2. 24-A MRSA §2412-A, sub-§2, as enacted by PL 1999, c. 328, §1, is amended to read:
2. Regulation of policy; establishing rates. The provisions of section 2412, subsections 1 to 5 and subsection 8; sections 2413, 2418, 2421 and 2438 to 2445; and chapter 25, subchapter 1, except for section 2302 2303, subsection 1, paragraph B, as the provisions relate to the filing, approval and fixing of or establishing rates, do not apply to any contract of insurance issued to a large commercial policyholder pursuant to this section. Section 2004, subsection 4 also does not apply to any contract of insurance issued pursuant to this section to a large commercial policyholder.
Sec. 3. Retroactivity. This Act applies retroactively to September 18, 1999.
Effective August 11, 2000, unless otherwise indicated.
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