Amend the amendment in section 1 in §205-A in subsection 1 by striking out all of the last sentence (page 1, lines 20 to 23 in amendment)
Amend the amendment by inserting after section 13 the following:
‘Sec. 14. 24-A MRSA §4303, sub-§12 is enacted to read:
12. Publication of policies by carriers. A carrier must publish at least 5 individual policies with the highest level of enrollment and at least 5 small group policies with the highest level of enrollment on the carrier's publicly accessible website in a manner that will allow consumers to review the coverages offered under each of these policies. The policies on the website must be updated when changes are made to the policies by the carrier. The appearance of the policy on the website must duplicate the appearance of the policy if an individual were to request a paper copy of the policy. The bureau shall provide a link from its website to the carrier's website. A carrier must review annually which policies to post and make any necessary changes on its website. A carrier must post the required policies on its website within 90 days after the effective date of this subsection.’
Amend the amendment by inserting after section 14 the following:
‘In accordance with the Maine Revised Statutes, Title 24-A, section 4303, subsection 12, the Bureau of Insurance shall provide a link from its website to an insurance carrier's publicly accessible website on which, pursuant to Title 24-A, section 4303, subsection 12, the carrier publishes certain individual and small group policies in a manner that will allow consumers to review the coverage offered under those policies.’
Amend the amendment by relettering or renumbering any nonconsecutive Part letter or section number to read consecutively.
Summary
This amendment:
1. Removes language that directs the entity making the rate filing to pay the cost of participation of consultants to the Attorney General.
2. Requires that a carrier publish at least 5 individual policies with the highest level of enrollment and at least 5 small group policies with the highest level of enrollment on the carrier's publicly accessible website to allow consumers to review coverage offered under the policies.
3. Requires the Department of Professional and Financial Regulation, Bureau of Insurance to provide a link from its website to the insurance carrier's publicly accessible website.