2. Every such filing shall must be made not less than 30 days in advance of any such delivery. At the expiration of such the 30 days, the form so filed shall be is deemed approved unless prior thereto it has been affirmatively approved or disapproved by order of the superintendent. Approval of any such the form by the superintendent shall constitute constitutes a waiver of any unexpired portion of such the waiting period. The superintendent may extend by not more than an additional 30 days the period within which he the superintendent may so affirmatively approve or disapprove any such form, by giving notice to the insurer of such the extension before expiration of the initial 30 days 30- day period, except that the effective date of a filing made electronically for a coverage under a health, life or annuity product may not be extended. At the expiration of any such the period as so extended, and in the absence of such prior affirmative approval or disapproval, any such form shall be is deemed approved. The superintendent may at any time, after hearing and for cause shown, withdraw any such approval.

Sec. A-3. 24-A MRSA §3049, sub-§3, as enacted by PL 1973, c. 239, is amended to read:

3. Discovery of fraud or material misrepresentation by either any one of the following:

A. The insured or his the insured's representative in obtaining the insurance; or

B. The named insured in pursuing a claim under the policy;

Sec. A-4. 24-A MRSA §3049, sub-§4, as enacted by PL 1973, c. 239, is repealed and the following enacted in its place:

4.__Discovery of either:

A.__Negligent acts or omissions by the insured substantially increasing any of the hazards insured against; or

B.__A failure to disclose a material fact in relation to the application for insurance that would, if coverage is effectuated without knowledge by the insurer, substantially alter the terms of the policy;

Sec. A-5. 24-A MRSA §3049, sub-§5, as enacted by PL 1973, c. 239, is amended to read: