An Act To Create Uniformity among Certain Self-insureds

Sec. 1. 24-A MRSA §6603, sub-§1, ¶F-1,  as enacted by PL 2005, c. 121, Pt. A, §1, is amended to read:

Sec. 2. 24-A MRSA §6603, sub-§1, ¶G,  as enacted by PL 1993, c. 688, §1, is amended to read:

Sec. 3. 24-A MRSA §6603, sub-§1, ¶H,  as amended by PL 2001, c. 410, Pt. A, §9, is repealed.

summary

This bill clarifies that multiple-employer welfare arrangements will be treated like other plans under the federal Employee Retirement Income Security Act of 1974 for purposes of small group plan requirements. Multiple-employer welfare arrangements will no longer be required to comply with the standards of the Maine Revised Statutes, Title 24-A, section 2808-B relating to small group health plans and will not have to comply with the Department of Professional and Financial Regulation, Bureau of Insurance, Bureau Rule 750, which addresses standardized health plans, or Rule 850, which addresses health plan accountability. Multiple-employer welfare arrangements are still required to meet the reporting, actuarial, joint and several liability and group solvency standards of Title 24-A, chapter 81.