An Act To Convene A Stakeholder Group To Determine Methods Of Ensuring The Long-Term Solvency Of The Maine Guaranteed Access Reinsurance Association

LD 1402 proposes creating a stakeholder group to study the financial health of Maine's Guaranteed Access Reinsurance Association (MGARA), which helps insurers cover high-risk patients. The group would examine ways to ensure MGARA remains financially stable long-term and provide recommendations to the Maine Legislature. This bill directly affects insurers, healthcare providers, and patients who rely on MGARA's reinsurance program. It does not change current policy but initiates a study process to address potential future solvency concerns. The bill is a procedural step, not a direct legislative action.