LD 1472
pg. 2
Page 1 of 3 An Act To Amend the Laws Governing the Rural Medical Access Program Page 3 of 3
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LR 449
Item 1

 
3.__Assessment rates; program fund balance.__For assessment
years prior to July 1, 2006, the assessment is 1.25% of premium.__
For assessment years commencing July 1, 2006 and after, the
assessment is .75% of premium unless adjusted pursuant to this
subsection.__The assessment rate is intended to result in
collections no greater than $500,000 per assessment year.__When
the program fund balance is $50,000 or less, the assessment rate
must increase to 1% of premium.__When the program fund balance is
more than $50,000, the assessment rate must decrease to .75% of
premium.__The superintendent shall notify affected parties of any
assessment rate adjustment and the effective date of that
adjustment.

 
The program fund balance may be used to pay assistance to
qualified eligible physicians in prior years for which there were
insufficient funds.__If all prior years' eligible qualified
physicians have received assistance, any excess funds must be
carried forward to subsequent plan years as part of the program
fund balance.__Excess funds must be applied first to the
assessment year commencing July 1, 1998 and then to each
successive assessment year.

 
For the purposes of this section, "program fund balance" means
the total funds collected in excess of assistance paid for all
years.

 
Sec. 8. 24-A MRSA §6306, as enacted by PL 1989, c. 931, §5, is
amended to read:

 
§6306. Funds held by insurers

 
Insurers may shall invest assessments collected subject to
chapter 13. Interest earned on investments must be credited to
the Rural Medical Access Program.

 
Sec. 9. 24-A MRSA §6308, sub-§2, as amended by PL 1991, c. 734, §5 and
PL 2003, c. 689, Pt. B, §7, is further amended to read:

 
2. Determination of participants in the program. The
superintendent shall apply the standards of prioritization
adopted by the Commissioner of Health and Human Services to
determine the physicians who are eligible for the program. The
funding available for each qualified physician is the amount
equal to the difference between the physician's medical
malpractice insurance premiums with obstetrical care coverage and
the physician's premiums without obstetrical care coverage;
however, the funding must be at least $5,000 but may not be more
than $10,000 $15,000 as determined by the superintendent.


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