Source: http://legislature.maine.gov/statutes/24-A/title24-Asec2829-A.html
Timestamp: 2019-09-18 00:44:39
Document Index: 642604376

Matched Legal Cases: ['§2829', '§2829', '§2829', '§2829', '§2', '§2', '§2', '§2', '§2', '§2', '§2']

Title 24-A, §2829-A: Disability benefit offsets
§2829-A PDF
§2829-A MS-Word
§2829-A. Disability benefit offsets
1. Disclosure to persons eligible for coverage. For any policy or contract subject to this chapter that provides disability income benefits, if the benefits under that policy or contract are subject to reduction due to other sources of income, then the insurer shall include in any written enrollment material and certificate of coverage developed by the insurer that is intended to be distributed to persons eligible for coverage under the policy or contract a clear and conspicuous notice that accurately explains all types of other sources of income that may result in a reduction of the benefits payable under the policy or contract. The notice requirement under this section does not apply to an advertisement intended for the general public.
[ 2005, c. 42, §2 (NEW) .]
A. For policies applied for after September 13, 2003, the insurer has complied with the requirements of subsection 1; [2005, c. 42, §2 (NEW).]
B. The insurer effects the offset of benefits within 60 days of notice to the insurer, or such later date as the insurer begins paying benefits to the insured, that the insured is receiving or is entitled to receive income that may result in a reduction of benefits payable under the policy; [2005, c. 42, §2 (NEW).]
C. The overpayment did not result from the insurer's miscalculation of benefit reductions or the insurer's miscalculation of benefits payable under the policy; and [2005, c. 42, §2 (NEW).]
D. The insurer provided the insured with clear and conspicuous written notice that accurately explains to the insured all types of other sources of income that may result in a reduction of the benefits payable under the policy within 30 days of the date a claim for disability benefits was filed. [2005, c. 42, §2 (NEW).]
2003, c. 321, §2 (NEW). 2005, c. 42, §2 (RPR).