An Act To Repeal the Maine Guaranteed Access Reinsurance Association Act
Maine Legislature, Session 127, LD 1545
Committee Amendment CA_A_S393 (Senate)
Amends: 24-A MRSA §3953, 24-A MRSA §3962

COMMITTEE AMENDMENT " A " to S.P. 605, L.D. 1545, Bill, "An Act To 
Repeal the Maine Guaranteed Access Reinsurance Association Act" 
Amend the bill by striking out the title and substituting the following: 
'An Act To Amend the Maine Guaranteed Access Reinsurance Association Act' 
Amend the bill by striking out everything after the enacting clause and before the 
summary and inserting the following: 
'Sec. 1. 24-A MRSA §3953, sub-§1, as amended by PL 2013, c. 273, §1, is 
further amended to read: 
7 
1. 
Guaranteed access reinsurance mechanism established. 
The Maine 
Guaranteed Access Reinsurance Association is established as a nonprofit legal entity. As 
a condition of doing business in the State, an insurer that has issued or administered 
medical insurance within the previous 12 months or is actively marketing a medical 
insurance policy or medical insurance administrative services in this State must 
participate in the association. The Dirigo Health Program established in chapter 87 and 
any other state-sponsored health benefit program shall also participate in the association. 
Except as provided in section 3962, operations of the association are suspended and the 
association may not collect assessments as provided in section 3957, provide reinsurance 
for member insurers under section 3958 or provide reimbursement for member insurers 
under section 3961 as of the date on which a transitional reinsurance program established 
under the authority of Section 1341 of the federal Affordable Care Act commences 
operations in this State thfeHgh the date the federal pregr-aH'l: eeases eperatieas ia this 
0 
State until December 31, 201 7. 
Sec. 2. 24-A MRSA §3962, first ,r, as enacted by PL 2013, c. 273, §4, is 
amended to read: 
3 
This section governs the suspension of operations of the association during the period 
ia whieh the tr-aasitieaal reiasl:lfanee pregra:m. fll:H'Sliaat te 8eetiea 13 41 ef the federal 
Afferdaele Care Aet eperates ia this State of suspension set forth in section 3953, 
subsection 1 and the authority of the association to conduct certain activities. 
COMMITTEE AMENDMENT 
oi~ 
~ 
COMMITTEE AMENDMENT" A "to S.P. 605, L.D. 1545 
Sec. 3. 24-A MRSA §3962, sub-§3,. as enacted by PL 2013, c. 273, §4, is 
repealed. 
Sec. 4. PL 2013, c. 273, §5 is repealed. 
Sec. 5. Review of the Maine Guaranteed Access Reinsurance Association. 
The Superintendent of Insurance shall review the Maine Guaranteed Access Reinsurance 
Association as established by the Maine Revised Statutes, Title 24-A, chapter 54-A and 
the differences between the association and the transitional reinsurance program 
operating in the State between January 1, 2014 and December 31, 2016 pursuant to the 
federal Patient Protection and Affordable Care Act and federal regulations adopted 
pursuant to that Act. 
Before February 15, 2017, the superintendent shall make a 
recommendation to the joint standing committee of the Legislature having jurisdiction 
over insurance and financial services matters as to whether the Maine Guaranteed Access 
Reinsurance Association should resume operations following its suspension pursuant to 
Title 24-A, section 3953, subsection 1 pursuant to a revised plan of operation or should 
terminate its operations and dissolve and whether any changes should be made to the 
statutes governing the association in connection with its continued operation or 
dissolution. The joint standing committee of the Legislature having jurisdiction over 
insurance and financial services matters may submit a bill relating to the Maine 
Guaranteed Access Reinsurance Association to the First Regular Session of the 128th 
Legislature.' 
SUMMARY 
This amendment replaces the bill and changes the title. The amendment extends the 
suspension of the operations of the Maine Guaranteed Access Reinsurance Association 
for one year, until December 31, 2017, and removes statutory provisions that are no 
longer necessary given the extended suspension. The amendment also directs the 
Superintendent of Insurance to make a recommendation before February 15, 2017 to the 
joint standing committee of the Legislature having jurisdiction over insurance and 
financial services matters relating to the continued operation or dissolution of the 
association. 
FISCAL NOTE REQUIRED 
(See attached) 
COMMITTEE AMENDMENT 
"\k,;p.·.iY 
• 
Approved: 02/19/16 
;'b/ac::.. 
LD 1545 
LR 2371(02) 
An Act To Repeal the Maine Guaranteed Access Reinsurance Association Act 
Fiscal Note for Bill as Amended by Committee Amendment ''A" (5 --393\ 
Committee: Insurance and Financial Services 
) ) 
Fiscal Note Required: Yes 
Fiscal Note 
Minor cost increase - Other Special Revenue Funds 
Fiscal Detail and Notes 
Any additional costs to the Department of Professional and Financial Regulation for the Superintendent oflnsurance 
to conduct a review and make a recommendation before February 15, 2017 regarding the Maine Guaranteed Access 
Reinsurance Association are expected to be minor and can be absorbed within existing budgeted resources. 
LR2371(02)- Fiscal Note - Page 1 of 1