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Me. Rev. Stat. tit. 24-A, § 2385-B

Disclosure of premium information

Known as the Workers' Compensation Rating Act

The act spans §§ 2381 to 2387-B (29 sections).

PL 1991, c. 885, §B12 (NEW)

All policies issued to employers for workers' compensation insurance must disclose clearly to the employer as separate figures the base rate and the employer's experience modification factor.

Upon request from an employer, when a policy is issued to an employer for workers' compensation insurance, it must be accompanied by a statement disclosing the percentages of premium expended during the previous year by the insurer for claims paid, loss control and other administrative costs, medical provider expenses, insurer and employee attorney's fees and private investigation costs.

Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.