LD 1496
pg. 29
Page 28 of 41 An Act To Reduce Maine's Health Insurance Rates and Expand Consumer Choice ... Page 30 of 41
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LR 541
Item 1

 
periods upon a filing by the small group carrier and a finding by
the superintendent that either the suspension is reasonable in
light of the financial condition of the carrier or that the
suspension would enhance the efficiency and fairness of the
marketplace for small group health plans.

 
10.__Applicability.__This section applies to all small group
health plan policies, contracts and certificates executed,
delivered, issued for delivery, continued or renewed in this
State on or after January 1, 2007.__For purposes of this section,
all contracts are deemed to be renewed no later than the next
yearly anniversary of the contract date.

 
Sec. B-13. 24-A MRSA §2850-B, sub-§2, ¶C, as enacted by PL 1997, c. 445,
§30 and affected by §32, is amended to read:

 
C. "Large group market" means groups not subject to section
2736-C or 2808-B 2808-C.

 
Sec. B-14. 24-A MRSA §2850-B, sub-§2, ¶D, as enacted by PL 1997, c. 445,
§30 and affected by §32, is amended to read:

 
D. "Small group market" means groups subject to section
2808-B 2808-C.

 
Sec. B-15. 24-A MRSA §2850-B, sub-§3, ¶G, as amended by PL 2003, c.
428, Pt. A, §1, is further amended to read:

 
G. When the carrier ceases offering a product and meets the
following requirements:

 
(1) In the large group market:

 
(a) The carrier must provide notice to the
policyholder and to the insureds at least 90 days
before termination;

 
(b) The carrier must offer to each policyholder
the option to purchase any other product currently
being offered in the large group market; and

 
(c) In exercising the option to discontinue the
product and in offering the option of coverage
under division (b), the carrier must act uniformly
without regard to the claims experience of the
policyholders or the health status of the insureds
or prospective insureds;

 
(2) In the small group market:


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