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plans as defined in section 2736-C, the insurer must disclose any | | rate increase that the insurer anticipates implementing within the | | following 30 days. If the quote is in writing, the disclosure must | | also be in writing. If the increase is pending approval at the time | | of notice, the disclosure must include the proposed rate and state | | that it is subject to regulatory approval. If disclosure required | | by this subsection is not provided, an increase may not be | | implemented until at least 30 days after the date the quote is | | provided. |
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| | | This subsection is repealed January 1, 2007. |
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| | | Sec. A-2. 24-A MRSA §2839-A, sub-§§1-A and 3 are enacted to read: |
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| | | 1-A.__Notice of rate increase on existing policies renewed in | | calendar year 2006. Notwithstanding subsection 1, for existing | | policies renewed in calendar year 2006, an insurer offering group | | health insurance for 2006 plan years, except for accidental | | injury, specified disease, hospital indemnity, disability income, | | Medicare supplement, long-term care or other limited benefit | | group health insurance, must provide written notice by first | | class mail of a rate increase to all affected policyholders or | | others who are directly billed for group coverage at least 30 | | days before the effective date of any increase in premium rates. | | An increase in premium rates may not be implemented until 30 days | | after the notice is provided. |
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| | | This subsection is repealed January 1, 2007. |
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| | | 3.__Notice of rate increase on new business for calendar year | | 2006. Notwithstanding subsection 2, for new business quoted in | | calendar year 2006 by an insurer offering group health insurance, | | except for accidental injury, specified disease, hospital | | indemnity, disability income, Medicare supplement, long-term care | | or other limited benefit group health insurance, quotes a rate | | for new business, the insurer must disclose any rate increase | | that the insurer anticipates implementing within the following 30 | | days. If the quote is in writing, the disclosure must also be in | | writing. If such disclosure is not provided, an increase may not | | be implemented until at least 30 days after the date the quote is | | provided. |
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| | | This subsection is repealed January 1, 2007. |
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| | | Sec. A-3. 24-A MRSA §6903, sub-§4, as enacted by PL 2003, c. 469, Pt. | | A, §8, is repealed. |
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| | | Sec. A-4. 24-A MRSA §6903, sub-§4-A is enacted to read: |
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