2012 Maine Revised Statutes
TITLE 24-A: MAINE INSURANCE CODE
Chapter 79: RISK-BASED CAPITAL STANDARDS
24-A §6451-A. Applicability to other regulated entities

§6451-A. Applicability to other regulated entities

This chapter applies to fraternal benefit societies authorized to do business in this State pursuant to section 4124, to health maintenance organizations authorized to do business in this State pursuant to section 4204 and to nonprofit hospital or medical service organizations authorized to do business in this State pursuant to Title 24, section 2305. [2009, c. 511, Pt. E, §1 (RPR).]

1. Fraternal benefit societies providing life or annuity benefits. Fraternal benefit societies providing life or annuity benefits are subject to the provisions of this chapter applicable to life or health insurers.

[ 2009, c. 511, Pt. E, §1 (NEW) .]

2. Fraternal benefit societies providing health benefits. Fraternal benefit societies providing health benefits are considered health organizations for purposes of this chapter.

[ 2009, c. 511, Pt. E, §1 (NEW) .]

3. Other licensees. Health maintenance organizations and nonprofit hospital or medical service organizations are considered health organizations for purposes of this chapter.

[ 2009, c. 511, Pt. E, §1 (NEW) .]

3-A. Qualified nonprofit health insurance issuers. Qualified nonprofit health insurance issuers as defined in Section 1322 of the federal Affordable Care Act are considered health organizations for purposes of this chapter.

[ 2011, c. 364, §35 (NEW) .]

4. Provisions applicable to health organizations. Except as otherwise expressly provided in this chapter, health organizations are subject to the provisions of this chapter applicable to property and casualty insurers.

[ 2009, c. 511, Pt. E, §1 (NEW) .]

SECTION HISTORY

1999, c. 113, §24 (NEW). 2009, c. 511, Pt. E, §1 (RPR). 2011, c. 364, §35 (AMD).