Maine § 24-A §6451-A Applicability to other regulated entities

Maine Statutes

§ 24-A §6451-A — Applicability to other regulated entities

Maine § 24-A §6451-A

Title 24-AMAINE INSURANCE CODE

Ch. 79RISK-BASED CAPITAL STANDARDS

This text of Maine § 24-A §6451-A (Applicability to other regulated entities) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 24-A, § 24-A §6451-A (2026).

Text

This chapter applies to fraternal benefit societies authorized to do business in this State pursuant to section 4124, to health maintenance organizations authorized to do business in this State pursuant to section 4204 and to nonprofit hospital or medical service organizations authorized to do business in this State pursuant to Title 24, section 2305.

1.Fraternal benefit societies providing life or annuity benefits. Fraternal benefit societies providing life or annuity benefits are subject to the provisions of this chapter applicable to life or health insurers.

2.Fraternal benefit societies providing health benefits. Fraternal benefit societies providing health benefits are considered health organizations for purposes of this chapter.

3.Other licensees. Health maintenance organizations

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This chapter applies to fraternal benefit societies authorized to do business in this State pursuant to section 4124, to health maintenance organizations authorized to do business in this State pursuant to section 4204 and to nonprofit hospital or medical service organizations authorized to do business in this State pursuant to Title 24, section 2305.
1.
Fraternal benefit societies providing life or annuity benefits.
Fraternal benefit societies providing life or annuity benefits are subject to the provisions of this chapter applicable to life or health insurers.
2.
Fraternal benefit societies providing health benefits.
Fraternal benefit societies providing health benefits are considered health organizations for purposes of this chapter.
3.
Other licensees.
Health maintenance organizations and nonprofit hospital or medical service organizations are considered health organizations for purposes of this chapter.
3-A.
Qualified nonprofit health insurance issuers.
Qualified nonprofit health insurance issuers as defined in Section 1322 of the federal Affordable Care Act are considered health organizations for purposes of this chapter.
4.
Provisions applicable to health organizations.
Except as otherwise expressly provided in this chapter, health organizations are subject to the provisions of this chapter applicable to property and casualty insurers.