Bill > SP0720

This resolution amends various provisions of Maine's insurance laws, covering multiple aspects of insurance regulation. Specifically, the resolution prohibits cost-sharing for screening mammograms by nonprofit hospital and medical service organizations, updates procedures for surplus lines insurance (insurance from non-admitted insurers), modifies civil penalty provisions, and introduces new requirements for cybersecurity insurance and third-party service providers. The resolution changes terminology from "unauthorized" to "nonadmitted" insurers, updates notification requirements for insurance cancellations and cybersecurity events, and expands protections for consumers by mandating clear disclosures about surplus lines insurance risks. Additionally, the resolution increases certain administrative fees, such as self-insurance application fees, and introduces new provisions for handling insurance claims in cases of insurer insolvency, including specific provisions for cybersecurity insurance claims. The changes aim to modernize insurance regulations, improve consumer protections, and clarify legal requirements for insurance providers and brokers in Maine.

https://legislature.maine.gov/legis/bills/display_ps.asp?paper=SP0720&snum=132