Amend the bill in section 11 in §6981 in subsection 5 by inserting after paragraph C the following:

Amend the bill in section 11 in §6981 in subsection 10 in the last line (page 10, line 9 in L.D.) by inserting after the following: " insurance" the following: ' ; however, the self-administered plan must comply with all provisions of this Title and is subject to the jurisdiction of the bureau'

summary

This amendment clarifies that the Dirigo Health self-administered plan may not expend general funds beyond any general funds appropriated to it by the Legislature. This amendment augments the fiscal protections within the bill, which provides that the plan will purchase excess or stop loss insurance and reinsurance, will be subject to actuarial and Department of Professional and Financial Regulation, Bureau of Insurance review and is subject to an annual audit.

The amendment also provides that the plan is under the jurisdiction of the Bureau of Insurance and must comply with all the provisions of the Maine Insurance Code, which is Title 24-A of the Maine Revised Statutes.