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LD 1837

An Act To Amend The Laws Affecting Insurance

132nd Legislature (2025-2026) Introduced by Donna Bailey

LD 1837 updates Maine insurance regulation, revising Bureau of Insurance procedures and statutes; minor revenue impact to the regulator’s Other Special Revenue Funds; enacted 2025.

Signed by Governor
#insurancebureau #procedures #provisionsrevised
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Bill Summary · LD 1837

Summary — LD 1837: "An Act To Amend the Laws Affecting Insurance"

Status: Signed by Governor (June 17, 2025)
Bill Number: LD 1837 (LR 628)
Sponsor: Sen. Bailey of York
Committee: Health Coverage, Insurance and Financial Services
Introduced: April 30, 2025

Purpose and intent

LD 1837 enacts amendments to Maine law relating to insurance. The bill is described in legislative records as revising provisions and procedures that relate to the Bureau of Insurance (within the Department of Professional and Financial Regulation) and broader insurance statutory provisions. The enactment updates statutory language and administrative procedures governing insurance regulation in the State of Maine.

Note: the full bill text and the adopted Senate Amendment (S‑278) contain the specific statutory changes. Those documents should be consulted for precise language and program-level detail.

Key points from legislative record

  • The committee on Health Coverage, Insurance and Financial Services held a work session and voted Ought to Pass (OTP).
  • Senate Amendment "A" (S‑278) was offered, read, adopted, and the bill was passed as amended.
  • The Legislature passed the bill (in concurrence) in early June 2025 and the Governor signed it on June 17, 2025.

Fiscal impact

  • Preliminary Fiscal Impact Statement (May 5, 2025): estimated a minor revenue increase to Other Special Revenue Funds for the Department of Professional and Financial Regulation.
  • Fiscal Note for engrossed bill with S‑278 (approved June 10, 2025): likewise reports a minor revenue increase to Other Special Revenue Funds.
  • One fiscal document in the record is labeled “No fiscal impact”; however, the final fiscal notes accompanying the engrossed/amended bill indicate any revenue increase is expected to be minor.

Revenue effects are expected to be small and accrue to the Department of Professional and Financial Regulation’s other special revenue accounts (for example, from fees or administrative assessments), according to the fiscal notes.

Who is affected

  • Maine Bureau of Insurance / Department of Professional and Financial Regulation (administration and collection of any new/changed fees or procedural responsibilities).
  • Regulated entities under Maine insurance law: insurers, agents/brokers, and other licensees subject to the revised procedures.
  • Potentially consumers and employers to the extent procedural changes affect licensure, enforcement, compliance timelines, or fee pass‑throughs — though the fiscal notes suggest only minor direct fiscal effects.

Procedural timeline (selected)

  • 2025-04-30: Referred to Committee; ordered printed.
  • 2025-05-15: Work session; Committee voted OTP.
  • 2025-06-04: Reported Out — OTP.
  • 2025-06-09/10: Senate Amendment S‑278 adopted; bill passed to be engrossed as amended; passed to be enacted.
  • 2025-06-17: Signed by Governor (enacted).

Where to find the detailed provisions

To review the exact statutory edits and operative language (including Senate Amendment S‑278), consult:
- The Maine Legislature bill page for LD 1837 (LR 628) and the engrossed bill (LR 628(04))
- The adopted Senate Amendment S‑278 text
These documents will show the precise sections of statute amended, any new or repealed provisions, and specifics on fee or procedural changes.

If you’d like, I can retrieve and summarize the specific statutory changes contained in the engrossed bill (LR 628(04)) and Senate Amendment S‑278.

Compiled from official sources — confirm details with the bill’s official record.

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