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24-A §3962. Activities authorized during suspension period

24-A ME Rev Stat § 3962 (2019) (N/A)
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§3962. Activities authorized during suspension period

This section governs the suspension of operations of the association during the period of suspension set forth in section 3953, subsection 1 and the authority of the association to conduct certain activities.   [PL 2015, c. 404, §2 (AMD).]

1.  Payment of claims.  The association shall pay claims eligible under sections 3958 and 3961 that were incurred prior to the commencement of the suspension of the association pursuant to section 3953, subsection 1.

[PL 2013, c. 273, §4 (NEW).]

2.  Additional assessment for net losses.  The association may impose any additional assessment necessary to fund net losses of the association pursuant to section 3957, subsection 5.

[PL 2013, c. 273, §4 (NEW).]

3.  Amended plan of operation.

[PL 2015, c. 404, §3 (RP).]

4.  Exception.  This section does not apply if federal law or regulation exempts the State from participation in the transitional reinsurance program pursuant to Section 1341 of the federal Affordable Care Act.

[PL 2013, c. 273, §4 (NEW).]

SECTION HISTORY

PL 2013, c. 273, §4 (NEW). PL 2015, c. 404, §§2, 3 (AMD).

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