Current through 2024-51, December 18, 2024
Section 411-601-2 - TYPES OF COVERAGE1.Basic Insurance. Basic insurance provides insurance coverage equivalent to the participant's annual base compensation, rounded up to the next highest $1,000.2.Supplemental Insurance. Supplemental insurance provides an amount of coverage in multiples of one, two or three times the basic amount of insurance.3.Dependent Insurance. Dependent insurance provides coverage for the participant's dependents in the amounts set forth in 5 M.R.S.A. §§18056(3)(A), and 18656(3)(A). A. A person insured as an active or retired participant of the group life insurance program cannot be covered as a dependent.B. A step-child cannot be covered as a dependent unless legally adopted by the insured.C. In the event that both parents are participants, the children, if any may be insured as dependents of one parent only. Eligible dependents will be insured for life insurance on the latest of the following dates: 1. On the effective date of the participant's election of dependent insurance, or2. On the date an eligible dependent is first acquired.94- 411 C.M.R. ch. 601, § 2