LD519 is a bill in the Maine Legislature (132nd Legislature): An Act to Address the Long-term Sustainability of the Maine Guaranteed Access Reinsurance Association.

What is the status of LD519?

Failed as of April 29, 2026. Latest action: Died in Possession of the Senate when the Legislature adjourned Sine Die and was PLACED IN THE LEGISLATIVE FILES. (DEAD) (April 29, 2026).

Joshua Morris (R, 91), with 5 co-sponsors.

Where is the official record for LD519?

On the Maine Legislature website: https://legislature.maine.gov/legis/bills/display_ps.asp?LD=519&snum=132

Maine legislation · 132nd Legislature

Maine LD519: An Act to Address the Long-term Sustainability of the Maine Guaranteed Access Reinsurance Association

Q: What does LD519 do?

In its own words: An Act to Remove the Requirement That Individual and Small Group Health Plans Be Offered Through a Pooled Market and to Eliminate the Provision of Law Establishing a Pooled Market for Those Plans" Amend the bill by striking out the title and substituting the following: 'An Act to Address the Long-term Sustainability of the Maine Guaranteed Access Reinsurance Association' Amend the bill by striking out everything after the enacting clause and inserting the following: '.

Status: Failed, April 29, 2026

What the bill says

An Act to Remove the Requirement That Individual and Small Group Health Plans Be Offered Through a Pooled Market and to Eliminate the Provision of Law Establishing a Pooled Market for Those Plans" Amend the bill by striking out the title and substituting the following: 'An Act to Address the Long-term Sustainability of the Maine Guaranteed Access Reinsurance Association' Amend the bill by striking out everything after the enacting clause and inserting the following: '.

From the engrossed text:

An Act to Remove the Requirement That Individual and Small Group Health Plans Be Offered Through a Pooled Market and to Eliminate the Provision of Law Establishing a Pooled Market for Those Plans" Amend the bill by striking out the title and substituting the following: 'An Act to Address the Long-term Sustainability of the Maine Guaranteed Access Reinsurance Association' Amend the bill by striking out everything after the enacting clause and inserting the following: 'Sec. 1. 24-A MRSA §3955, sub-§4, as enacted by PL 2011, c. 90, Pt. B, §8, is amended to read: 4. Review for solvency. An annual review of the association for solvency must be performed by an independent certified public accountant using generally accepted accounting principles. The association shall submit the annual review to the superintendent and to the joint standing committee of the Legislature having jurisdiction over health insurance matters as part of the annual report required to be submitted in subsection 5. If the superintendent determines that the funds of the association are insufficient to support the need for reinsurance, the superintendent may order the association to increase its assessments. If the superintendent determines that the funds of the association are insufficient, the superintendent may order the association to charge additional assessments and shall notify the joint standing committee of the Legislature having jurisdiction …

Read the full official text

Maine LD519: An Act to Address the Long-term Sustainability of the Maine Guaranteed Access Reinsurance Association

What the bill says

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