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I live in Maine and have an ACA insurance policy. What is the Role of Maine’s Bureau of Insurance (BOI)?

April 26, 2017ACA boi Insurance insurance policy live Maine

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I live in Maine and have an ACA insurance policy. What is the Role of Maine’s Bureau of Insurance (BOI)?

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Generally, it is important to remember that a fraternal is not subject to the same solvency protections as traditional insurers and there is no guaranty fund that pays claims when a fraternal becomes insolvent. In this case, because ACA is not domiciled in Maine, BOI’s authority is limited.