CHAPTER 176
H.P. 533 - L.D. 688
An Act to Eliminate the Requirement that Workers' Compensation Insurers Disclose Certain Cost Breakdowns When Issuing Workers' Compensation Policies
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 24-A MRSA §2385-B, as enacted by PL 1991, c. 885, Pt. B, §12 and affected by §13, is amended to read:
§2385-B. Disclosure of premium information
All policies issued to employers for workers' compensation insurance must disclose clearly to the employer as separate figures the base rate, and the employer's experience modification factor for each year included in the formula pursuant to section 2382-D, the medical, indemnity and administrative portions of the premium and the portion of the premium attributable to the workplace health and safety consultation services.
When Upon request from an employer, when a policy is issued to employers an employer for workers' compensation insurance, it must be accompanied by a statement disclosing the percentages of premium expended during the previous year by the insurer for claims paid, loss control and other administrative costs, medical provider expenses, insurer and employee attorney's fees and private investigation costs.
Effective September 21, 2001, unless otherwise indicated.
| Revisor of Statutes Homepage | Subject Index | Search | Laws of Maine | Maine Legislature |
