Sec. E-12. 24-A MRSA §2736-C, sub-§2, ¶F is enacted to read:

F.__A carrier that adjusts its rate shall account for the savings offset payment or any recovery in that offset payment in its experience consistent with this section and section 6913.

Sec. E-13. 24-A MRSA §2736-C, sub-§5, as amended by PL 2003, c. 428, Pt. H, §3, is further amended to read:

5. Loss ratios. For all policies and certificates issued on or after the effective date of this section, the superintendent shall disapprove any premium rates filed by any carrier, whether initial or revised, for an individual health policy unless it is anticipated that the aggregate benefits estimated to be paid under all the individual health policies maintained in force by the carrier for the period for which coverage is to be provided will return to policyholders at least 65% of the aggregate premiums collected for those policies, as determined in accordance with accepted actuarial principles and practices and on the basis of incurred claims experience and earned premiums. For the purposes of this calculation, any savings offset payments paid pursuant to section 6913 must be treated as incurred claims.

Sec. E-14. 24-A MRSA §2808-B, sub-§2, ¶A, as amended by PL 2003, c. 313, §1, is repealed.

Sec. E-15. 24-A MRSA §2808-B, sub-§2, ¶G, as enacted by PL 2003, c. 313, §2, is repealed.

Sec. E-16. 24-A MRSA §2808-B, sub-§§2-A to 2-C are enacted to read:

2-A.__Rate filings.__A carrier offering small group health plans shall file with the superintendent the community rates for each plan and every rate, rating formula and classification of risks and every modification of any formula or classification that it proposes to use.

A.__Every filing must state the effective date of the filing.__ Every filing must be made not less than 60 days in advance of the stated effective date, unless the 60-day requirement is waived by the superintendent.__The effective date may be suspended by the superintendent for a period of