Sec. E-1. 24-A MRSA §2808-B, sub-§2-C, ¶A, as enacted by PL 2003, c. 469, Pt. E, §16, is amended to read:
A. A block of small group health plans is considered credible if the anticipated average number of member months members during the period for which the rates will be in effect is at least 1,000 or if it meets credibility standards adopted by the superintendent by rule. The rate filing must state the anticipated average number of member months members during the period for which the rates will be in effect and the basis for the estimate. If the superintendent determines that the number of member months members is likely to be less than 1,000 and the block does not satisfy any alternative credibility standards adopted by rule, the filing is subject to subsection 2-B, except as provided in paragraph A-1.
Sec. E-2. 24-A MRSA §2808-B, sub-§2-C, ¶A-1 is enacted to read:
A-1. A carrier that elected to file rates in accordance with this subsection prior to September 1, 2004 may continue to file rates in accordance with this subsection as long as the anticipated number of member months for a 12-month period is at least 1,000.
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