| | | Be it enacted by the People of the State of Maine as follows: |
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| | | Sec. 1. 24-A MRSA §2413, sub-§1, ¶F, as amended by PL 1991, c. 211, | | §2, is further amended to read: |
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| | | F. As to Medicare supplement policies or contracts, as | | defined in chapter 67, if the policy cannot be | | anticipated, as estimated for the entire period for which | | rates are to be computed to provide coverage, on the basis | | of incurred claims experience and earned premiums for that | | period and in accordance with accepted actuarial | | principles and practices, to return to policyholders in | | the form of aggregate benefits provided under the policy | at least 65% | | collected in the case of individual policies and at least | 75% | | the case of group policies; or |
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| | | Sec. 2. 24-A MRSA §2736-C, sub-§2, ¶D, as amended by PL 2001, c. 410, | | Pt. A, §2 and affected by §10, is further amended to read: |
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| | | D. A carrier may vary the premium rate due to age, | | occupation or industry and geographic area only under the | | following schedule and within the listed percentage bands. |
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| | | (1) For all policies, contracts or certificates that | | are executed, delivered, issued for delivery, | | continued or renewed in this State between December | | 1, 1993 and July 14, 1994, the premium rate may not | | deviate above or below the community rate filed by | | the carrier by more than 50%. |
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| | | (2) For all policies, contracts or certificates that | | are executed, delivered, issued for delivery, | | continued or renewed in this State between July 15, | | 1994 and July 14, 1995, the premium rate may not | | deviate above or below the community rate filed by | | the carrier by more than 33%. |
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| | | (3) For all policies, contracts or certificates that | | are executed, delivered, issued for delivery, | continued or renewed in this State after | | 15, 1995 to October 15, 2003, the premium rate may | | not deviate above or below the community rate filed | | by the carrier by more than 20%. |
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| | | (4)__For all policies, contracts or certificates that are | | executed, delivered, issued for delivery, continued or renewed | | in this State on or after October 15, 2003, |
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