| | 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. |
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| 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. |
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| For the purposes of this section, "program fund balance" means | the total funds collected in excess of assistance paid for all | years. |
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| | Sec. 8. 24-A MRSA §6306, as enacted by PL 1989, c. 931, §5, is | amended to read: |
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| §6306. Funds held by insurers |
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| | Insurers may shall invest assessments collected subject to | chapter 13. Interest earned on investments must be credited to | the Rural Medical Access Program. |
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| | 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: |
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| | 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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