02-031-560 Me. Code R. § 8

Current through 2024-46, November 13, 2024
Section 031-560-8 - Premium discounts

Every insurer which issues workers' compensation insurance policies on either a master policy or a multiple coordinated policy basis which provide coverage with respect to employees subject to an employee leasing arrangement shall file for approval with the Bureau a premium discount schedule applicable to such policies which appropriately reflects cost savings created for the insurer any such arrangements.

The rating bureau which files rates with respect to the residual market mechanism shall file for approval with the Bureau a premium discount schedule applicable to policies issued on a multiple coordinated basis through the residual market to lessors and/or lessees under employee leasing arrangements which appropriately reflect cost savings created for the residual market and for service carriers by any such arrangements.

02-031 C.M.R. ch. 560, § 8