Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
031 - BUREAU OF INSURANCE
Chapter 755 - HEALTH INSURANCE CLASSIFICATIONS, DISCLOSURE, AND MINIMUM STANDARDS
Section 031-755-1 - Purpose

Universal Citation: 02 ME Code Rules ยง 031-755-1
Current through 2024-13, March 27, 2024

The purpose of this rule is to implement 24-A M.R.S.A. Chapter 32-A to standardize and simplify the terms and coverages of individual health insurance policies, and group health insurance policies and certificates. This rule is also intended to: facilitate public understanding and comparison of coverage; eliminate provisions contained in individual and group health insurance policies that may be misleading or confusing in connection with either the purchase of the coverages or the settlement of claims; and provide for full disclosure in the marketing and sale of individual and group health insurance. This rule is also intended to clarify the meaning of limited benefits health insurance as referred to in 24-A M.R.S.A. chapters 33, 35 and 56-A.

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