LD 269
pg. 1
LD 269 Title Page An Act To Reduce the Minimum Participation Requirements of Insurance Carriers ... LD 269 Title Page
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LR 888
Item 1

 
Be it enacted by the People of the State of Maine as follows:

 
Sec. 1. 24-A MRSA §2850-B, sub-§3, ¶D, as enacted by PL 1997, c. 445,
§30 and affected by §32, is amended to read:

 
D. In the large or small group market, for noncompliance
with the carrier's minimum participation requirements that
may not exceed 75% 60%;

 
SUMMARY

 
Under current law, for purposes of guaranteed renewal, health
insurance carriers are permitted to impose minimum participation
requirements that may not exceed 75%. This bill reduces the
minimum participation requirement to 60%.


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