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Bureau of Insurance
OTHER PFR AGENCIES
Rural Medical Access Program (RMAP)
INSTRUCTIONS FOR INSURERS
Outline of filing requirements and due dates
The following is intended to help insurers understand and comply with the RMAP which is governed by Title 24-A M.R.S.A., Chapter 75, §6301-6311 and Maine Regulation Chapter 630. Please refer to the entire Statute and Regulation for a complete understanding of the Program.
Title 24-A M.R.S.A. §6304 requires insurers (licensed and surplus lines eligible) to collect assessments on medical malpractice premiums from physicians, hospitals, and physician’s employers to fund the Program. The insurer shall hold collected funds and must invest those funds (with earned interest being credited to the RMAP) until premium assistance payments or inter-company transfers are ordered by the Bureau. If an insurer is not authorized to make premium assistance payments to eligible insured physicians, the Superintendent will authorize the transfer of funds to the principal writer of medical malpractice in Maine.
The current assessment rate (for policies effective 7/1/06 and after) is .75% of premium. The rate will remain at .75% until the Superintendent notifies insurers of a necessary change in the rate per § 6305(3).
Quarterly reports (as of 9/30, 12/31, 3/31, and 6/30) should be received no more than 30 days after the end of the quarter. The quarterlies should report aggregate funds collected (on polices with effective dates in the quarter), interest earnings, disbursements, and a net balance for the quarterly and for year-to-date. View example of quarterly report - Excel or PDF
Annual reports are due by September 1 for the preceding program year ending June 30.
If you have any questions about the Program or need further assistance,
please contact Jane Lee at:
Bureau of Insurance
Phone: (207) 624-8492
Last Updated: September 13, 2012
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