This bill repeals the provisions of the Maine Insurance Code that establish a pooled market for individual and small group health plans, removing the requirement that those types of plans must be offered through a pooled market. The bill also eliminates related provisions that require the Maine Guaranteed Access Reinsurance Association to operate a retrospective reinsurance program providing coverage to member insurers for all individual and small group health plans issued in any plan year in which a pooled market is operating.

Statutes affected:
Bill Text LD 519, HP 337: 24-A.2792, 24-A.2793, 24-A.2808, 24-A.3958, 24-A.3959