CONNECTICUT AND MAINE ISSUE STATE REGULATORY PRONOUNCEMENTS
The Connecticut Insurance Department recently issued a Bulletin (Number FS-4AR-08) relating to the 2008 and 2009 financial filing requirements by accredited reinsurers.
The Maine Bureau of Insurance (the “Bureau”) issued a Bulletin (Number 351) addressing the repeal by referendum of Parts D through F of “An Act To Continue Maine's Leadership in Covering the Uninsured” (the “Act”). Part A of the Act established a reinsurance program for individual health insurance, but the Bureau concluded that the reinsurance program and related provisions could not be implemented because the funding provision and its revenue sources were repealed by the referendum and no other sources of funds have been allocated or identified.
This post written by Dan Crisp.
