LD 1175
pg. 1
LD 1175 Title Page An Act To Improve the Affordability of Individual and Small Group Health Insura... Page 2 of 7
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LR 1542
Item 1

 
Be it enacted by the People of the State of Maine as follows:

 
Sec. 1. 24-A MRSA §2413, sub-§1, ¶F, as amended by PL 1991, c. 211,
§2, is further amended to read:

 
F. As to Medicare supplement policies or contracts, as
defined in chapter 67, if the policy cannot be
anticipated, as estimated for the entire period for which
rates are to be computed to provide coverage, on the basis
of incurred claims experience and earned premiums for that
period and in accordance with accepted actuarial
principles and practices, to return to policyholders in
the form of aggregate benefits provided under the policy
at least 65% 85% of the aggregate amount of premiums
collected in the case of individual policies and at least
75% 85% of the aggregate amount of premiums collected in
the case of group policies; or

 
Sec. 2. 24-A MRSA §2736-C, sub-§2, ¶D, as amended by PL 2001, c. 410,
Pt. A, §2 and affected by §10, is further amended to read:

 
D. A carrier may vary the premium rate due to age,
occupation or industry and geographic area only under the
following schedule and within the listed percentage bands.

 
(1) For all policies, contracts or certificates that
are executed, delivered, issued for delivery,
continued or renewed in this State between December
1, 1993 and July 14, 1994, the premium rate may not
deviate above or below the community rate filed by
the carrier by more than 50%.

 
(2) For all policies, contracts or certificates that
are executed, delivered, issued for delivery,
continued or renewed in this State between July 15,
1994 and July 14, 1995, the premium rate may not
deviate above or below the community rate filed by
the carrier by more than 33%.

 
(3) For all policies, contracts or certificates that
are executed, delivered, issued for delivery,
continued or renewed in this State after from July
15, 1995 to October 15, 2003, the premium rate may
not deviate above or below the community rate filed
by the carrier by more than 20%.

 
(4)__For all policies, contracts or certificates that are
executed, delivered, issued for delivery, continued or renewed
in this State on or after October 15, 2003,


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