| | | 4. A summary of telephone calls to a consumer assistance | | phone line maintained by the Department of Professional and | | Financial Regulation, Bureau of Insurance and the manner with | | which those calls were handled. |
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| | | The superintendent may request any information required to | | complete the report required by this section, subject to the | | confidentiality provisions of the Maine Revised Statutes, | | Title 24-A, section 216, subsection 5. |
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| | | The superintendent shall submit the report and the Attorney | | General and the superintendent's recommendations no later than | | January 1, 2004 to the Attorney General and the Joint Standing | | Committee on Insurance and Financial Services. The committee | | may report out legislation to the Second Regular Session of | | the 121st Legislature necessary to implement the | | recommendations of the superintendent or to address other | | issues raised by the report. |
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| | | This bill clarifies that, in those instances when the | | Superintendent of Insurance has notified the Attorney General | | of a violation of the insurance laws, the Attorney General is | | required to institute actions against the violator, including | | actions requiring restitution. |
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| | | This bill also requires the superintendent to investigate | | and report on certain insurance practices, including changes | | made in underwriting standards, product design and benefit | | structure of health, life, personal and commercial insurance | | products. The superintendent is required to submit the report | | and any recommendations to the Attorney General and the Joint | | Standing Committee on Insurance and Financial Services. |
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