Code of Maine Rules
94 - INDEPENDENT AGENCIES
411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS)
Chapter 601 - GROUP LIFE INSURANCE
Section 411-601-2 - TYPES OF COVERAGE
Universal Citation: 94 ME Code Rules ยง 411-601-2
Current through 2024-38, September 18, 2024
1. Basic Insurance. Basic insurance provides insurance coverage equivalent to the participant's annual base compensation, rounded up to the next highest $1,000.
2. Supplemental Insurance. Supplemental insurance provides an amount of coverage in multiples of one, two or three times the basic amount of insurance.
3. Dependent Insurance. Dependent insurance provides coverage for the participant's dependents in the amounts set forth in 5 M.R.S.A. §§18056(3)(A), and 18656(3)(A).
A. A person insured as an active or retired
participant of the group life insurance program cannot be covered as a
dependent.
B. A step-child cannot
be covered as a dependent unless legally adopted by the insured.
C. In the event that both parents are
participants, the children, if any may be insured as dependents of one parent
only. Eligible dependents will be insured for life insurance on the latest of
the following dates:
1. On the effective date
of the participant's election of dependent insurance, or
2. On the date an eligible dependent is first
acquired.
Disclaimer: These regulations may not be the most recent version. Maine may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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