§ 24-A §3157 — Wellness programs

1.
Marketing.
An insurer or insurance producer may not:
2.
Sale of wellness program.
If a wellness program is sold by an insurer or insurance producer, the following requirements apply:
3.
Disclosure.
An insurer or insurance producer shall clearly disclose the following to consumers of wellness program products, printed in 12-point boldface type:
4.
Wellness benefits.
Any coverages included in a pet insurance policy contract described as "wellness benefits" are considered insurance. If a wellness program undertakes to indemnify another party, pays a specified amount upon determinable contingencies or provides coverage for a fortuitous event, it is transacting the business of insurance and is subject to the requirements of this Title, except that a contract directly between a service provider and a pet owner that involves only those 2 parties is not transacting the business of insurance unless other indications of insurance also exist.

Legislative History

PL 2021, c. 562, §1 (NEW).