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(a) Exceeds 10% of the insurer's surplus to policyholders as of December 31st of the preceding year or the net gain from operations for the preceding calendar year, whichever is greater;
’| HP1059 LD 1510 |
Second Regular Session - 124th Maine Legislature S "A" to C "A", Filing Number S-382, Sponsored by BOWMAN
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LR 2199 Item 4 |
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| Bill Tracking | Chamber Status | ||
Amend the amendment on page 1 by striking out all of division (a) (page 1, lines 13 to 15 in amendment) and inserting the following:
(a) Exceeds 10% of the insurer's surplus to policyholders as of December 31st of the preceding year or the net gain from operations for the preceding calendar year, whichever is greater;
’Amend the amendment in Part E by striking out all of section 1 and inserting the following:
‘Sec. E-1. 24-A MRSA §6451-A, as enacted by PL 1999, c. 113, §24, is repealed and the following enacted in its place:
§ 6451-A. Applicability to other regulated entities
This chapter applies to fraternal benefit societies authorized to do business in this State pursuant to section 4124, to health maintenance organizations authorized to do business in this State pursuant to section 4204 and to nonprofit hospital or medical service organizations authorized to do business in this State pursuant to Title 24, section 2305.
SUMMARY
This amendment makes clarifying changes to Committee Amendment "A."