An Act To Disclose Insurance Policy Options to Senior Citizens

Sec. 1. 24-A MRSA §429  is enacted to read:

§ 429.  Options for insureds 65 years of age or older

An insurer, agent or broker who conducts activities under this Title or Title 24 who sells or offers any insurance policy, plan, contract, certificate or benefit or renewal of any insurance policy, plan, contract, certificate or benefit to a person 65 years of age or older shall inform the person of any comparable government-offered or government-sponsored policy, plan, contract, certificate or benefit for which the person may qualify.

summary

This bill requires every insurer, insurance agent or insurance broker when selling, offering or renewing any insurance policy, plan, contract, certificate or benefit to a person 65 years of age or older to inform the person of any comparable government-offered or government-sponsored policy, plan, contract, certificate or benefit for which the person may qualify, such as Medicare.