02-031-857 Me. Code R. § 1

Current through 2024-52, December 25, 2024
Section 031-857-1 - Authority and Purpose

This rule is adopted pursuant to 24-A M.R.S. §212 and P.L. 2021, c. 483, Part C, An Act To Provide Allocations for the Distribution of State Fiscal Recovery Funds, to implement the Small Business Health Insurance Premium Support Program (the "program"). The purpose of the program is to temporarily reduce insurance premium costs for small employers and their employees. The Superintendent will carry out the purpose of the program by allocating the funds provided for the program through the duration of the program to the small group health insurance carriers, based on actual credits made monthly by each carrier, and by auditing the carriers for compliance and to ensure that the administrative costs of the program do not result in increased premiums to policyholders.

02-031 C.M.R. ch. 857, § 1