An Act To Protect Seniors and the Public from Unfair Health Insurance Sales Practices
Emergency preamble. Whereas, acts and resolves of the Legislature do not become effective until 90 days after adjournment unless enacted as emergencies; and
Whereas, the Department of Professional and Financial Regulation, Bureau of Insurance has received complaints from consumers about misleading sales practices used by certain insurance producers; and
Whereas, many of these complaints have been associated with the sale of Medicare Part D products and other Medicare products marketed to the elderly; and
Whereas, elderly consumers may be especially vulnerable to potentially misleading sales practices related to appointments made to discuss Medicare benefits; and
Whereas, this legislation prohibits unfair and misleading methods used to solicit the sale of life, health and annuity products, including Medicare products; and
Whereas, in the judgment of the Legislature, these facts create an emergency within the meaning of the Constitution of Maine and require the following legislation as immediately necessary for the preservation of the public peace, health and safety; now, therefore,
Sec. 1. 24-A MRSA §2152-B is enacted to read:
§ 2152-B. Unfair solicitation methods
Emergency clause. In view of the emergency cited in the preamble, this legislation takes effect October 1, 2007.