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Bureau-backed technical cleanups to workers' compensation self-insurance drawn in LD 11 95
Summary
The Bureau of Insurance presented LD 11 95, a department bill with technical and alignment changes to Title 39‑A regarding self‑insurance for workers' compensation, including letter‑of‑credit confidence levels, notice periods, draw triggers and trust references.
A bureau representative presented LD 11 95 as a department bill to fix drafting errors and align Maine’s self‑insurance requirements in Title 39‑A with federal and market practices. The bureau described the bill as a set of technical cleanups rather than a substantive policy change.
Stacy Burgendale, senior staff attorney at the Bureau of Insurance, listed the principal changes: adjust confidence…
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