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NOTICE OF RULEMAKING

Notice is hereby given that the Superintendent of Insurance will hold a public hearing on November 15, 2011 at 9:00 a.m. in the Kennebec Room of the Department of Professional and Financial Regulation building, 76 Northern Avenue, Gardiner, Maine to receive comments concerning proposed Rule Chapter 940 - Requirements for Health Insurance Rate Filings and Data Reporting.

The purposes of the amendments are to reflect changes in underlying Maine law enacted pursuant to 2011 PL c. 90, to provide consistency with federal rate review and medical loss ratio standards and to provide for data collection necessary for Bureau of Insurance compliance with federal data reporting standards. A copy of the proposal is attached.

This rule is proposed in accordance with Title 24 M.R.S.A. §2321 and Title 24-A M.R.S.A. §§ 212, 405-A(2)(E), 2413, 2736, 2736-C, 2808-B, 2839, 4207, and 4309-A.

Primary sources of information relied upon by the Bureau of Insurance in developing the proposed rule include the U.S. CMS Rate Increase Disclosure and Review Final Rule as last amended September 6, 2011, the U.S. CMS Health Insurance Issuers Implementing Medical Loss Ratio (MLR) Requirements Under the Patient Protection and Affordable Care Act Interim Final Rule as last amended December 30, 2010 and professional judgment.

All interested persons are invited to provide oral comments at the hearing or to submit written comments. Written comments must be received no later than November 28, 2011 at 5:00 p.m. and should be addressed to: Sarah Hewett, Maine Bureau of Insurance, 34 State House Station, Augusta, Maine 04333.

The Department of Professional and Financial Regulation does not discriminate on the basis of disability in the admission to, access to, or operation of its programs, services or activities. Individuals in need of auxiliary aid for effective communication in the hearing are invited to make their needs and preference known to Sarah Hewett at the Bureau of Insurance, telephone (207) 624-8412, sufficiently in advance of the hearing so that appropriate arrangements can be made.

DATED: October 14, 2011 ________________________
Eric A. Cioppa
Superintendent of Insurance

 

Last Updated: March 27, 2012