CHAPTER 313
H.P. 776 - L.D. 1058
An Act To Extend Public Record Requirements of Nongroup Health Insurance Rate Filings to All Health Insurance Rate Filings
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 24-A MRSA §2808-B, sub-§2, ¶A, as enacted by PL 1991, c. 861, §2, is amended to read:
A. A carrier issuing a small group health plan after the effective date of this section must file the carrier's community rate and any formulas and factors used to adjust that rate with the superintendent for informational purposes prior to issuance of any small group health plan. All filings must meet the requirements of paragraph G.
Sec. 2. 24-A MRSA §2808-B, sub-§2, ¶G is enacted to read:
G. Every rate filing made by a carrier must state the effective date of the filing. Every such filing must be made not less than 60 days in advance of the stated effective date unless the 60-day requirement is waived by the superintendent, and the effective date may be suspended by the superintendent for a period of time not to exceed 30 days. A rate filing and all supporting information are public records except as provided by Title 1, section 402, subsection 3. When a rate filing under this paragraph is not accompanied by the information upon which the insurer supports the filing, the superintendent shall require the insurer to furnish the information upon which it supports the filing. Notwithstanding this paragraph, rates for group Medicare supplement, nursing home care or long-term care insurance contracts must be filed in accordance with section 2736.
Effective September 13, 2003, unless otherwise indicated.
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