This bill makes the following changes to the laws governing insurance.
1. It extends the prohibition on cost-sharing for screening mammograms to nonprofit hospital and medical care service organizations.
2. It updates the civil penalty laws and eliminates a fine.
3. It adds language regarding voting securities.
4. It eliminates the requirement for manual execution of an annual statement.
5. It eliminates the $100 annual report fee for self-insurers and incorporates it into the existing renewal fee.
6. It changes the phrase "unauthorized insurer" to "nonadmitted insurer" and "broker" to "producer."
7. It prohibits workers' compensation insurance from export in the surplus lines market.
8. It eliminates a provision requiring surplus lines insurers to establish satisfactory evidence of good repute and financial integrity.
9. It updates the notice on surplus lines contracts and adds a notice to applications for surplus lines insurance.
10. It clarifies an ambiguity regarding surplus lines coverage in response to the opinion of the Maine Supreme Judicial Court in Corinth Pellets, LLC v. Arch Specialty Insurance Co. et al., 2021 ME 10, 246 A.3d 586.
11. It changes a section headnote to reflect the substance of the section.
12. It changes the definition of "3rd-party service provider" in the Maine Insurance Data Security Act.
13. It eliminates a reference to the insurability of an employer group.
14. It allows for a raw number to be reported instead of a percentage in reporting enrollee and carrier disenrollments.
15. It provides confidentiality for independent dispute resolution in the same manner as for external review.
16. It corrects clerical errors.
17. It makes changes regarding covered claims and cybersecurity insurance.
Statutes affected: Bill Text LD 1837, SP 720: 24-A.222, 24-A.414, 24-A.601, 24-A.2001, 24-A.2002, 24-A.2003, 24-A.2004, 24-A.2006, 24-A.2007, 24-A.2008, 24-A.2009, 24-A.2010, 24-A.2011, 24-A.2019, 24-A.2159, 24-A.2263, 24-A.2849, 24-A.4302, 24-A.4312, 24-A.4377, 24-A.4433, 24-A.4435, 24-A.4438