# Maine LD 1195: An Act to Amend the Provisions of the Maine Workers' Compensation Act of 1992 Governing Requirements for Self-insurers Maine LD 1195, An Act to Amend the Provisions of the Maine Workers' Compensation Act of 1992 Governing Requirements for Self-insurers, is a 132nd Maine Legislature (2025-2026) Senate bill sponsored by Donna Bailey (Democratic); status signed, last action 2025-04-25 (Signed by Governor, ACTPUB Chapter 53); PRIA reads it as touching household money (as of 2026-10-17). - Canonical: https://policyrisk.com/state-bill/ME-LD1195-132 - As of: 2026-10-17 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Maine LD 1195 - State: Maine - Session: 132nd Maine Legislature (2025-2026) - Title: An Act to Amend the Provisions of the Maine Workers' Compensation Act of 1992 Governing Requirements for Self-insurers - Status: signed - Chamber: Senate - Introduced: 2025-03-20 - Last action: 2025-04-25, Signed by Governor, ACTPUB Chapter 53 - Sponsor: Donna Bailey (Democratic) - Cosponsors: 0 - Subjects: WORKERS COMPENSATION, WORKERS COMPENSATION - INSURANCE - Touches household money: yes - Economic provisions PRIA read: 4 ## Summary No summary available. ## Bill overview: provisions PRIA read - New security and letter-of-credit rules for self-insured employers: mixed, medium. Self-insured employers can meet Maine security rules with a surety bond, a standby letter of credit, cash and approved securities, or a fully funded trust. A standby letter of credit renews for one year unless the bank gives the Superintendent at least 90 days’ notice that it will not renew. The Su… - Stricter trust funding and oversight for self-insurers: mixed, medium. If you use a fully funded trust, it must hold unencumbered assets at least equal to the present value of expected claims, settlement costs, and safety margins; the Superintendent can also require admin costs. The Superintendent reviews liquidity, debt, tangible net worth, size, and net income when… - Tighter workers’ comp reinsurance for self-insurers: mixed, medium. For contracts issued after January 1, 1993, Maine recognizes workers’ comp reinsurance only if it is issued by an admitted insurer, an approved reinsurer that meets state standards, or Lloyd’s as defined. Each proposed primary workers’ comp reinsurance contract must be filed for approval. The Super… - New group and out-of-state rules for self-insurers: mixed, low. Out-of-state self-insurers can take part in the account only through a protected cell. An employer self-insuring Maine liabilities is treated as out-of-state to the extent it reinsures beyond its Maine plan. If a group’s principal member has no Maine employees, it must meet the same standards as a… ## Sponsors and cosponsors - Sponsor: Donna Bailey (Democratic), Senate ## Actions (8) - 2025-04-25: Signed by Governor, ACTPUB Chapter 53 - 2025-04-23: PASSED TO BE ENACTED, in concurrence. (Senate) - 2025-04-22: PASSED TO BE ENACTED. Sent for concurrence. ORDERED SENT FORTHWITH. (House) - 2025-04-17: CONSENT CALENDAR - FIRST DAYUnder suspension of the rules CONSENT CALENDAR - SECOND DAY.The Bill was PASSED TO BE ENGROSSED.In concurrence. ORDERED SENT FORTHWITH. (House) - 2025-04-15: Report READ and ACCEPTED.READ ONCEUnder suspension of the Rules, READ A SECOND TIME and PASSED TO BE ENGROSSED.Ordered sent down forthwith for concurrence. (Senate) - 2025-03-21: CARRIED OVER, in the same posture, to the next special or regular session of the 132nd Legislature, pursuant to Joint Order SP 519. (Senate) - 2025-03-20: The Bill was REFERRED to the Committee on HEALTH COVERAGE, INSURANCE AND FINANCIAL SERVICES.In concurrence. ORDERED SENT FORTHWITH. (House) - 2025-03-20: Committee on LABOR suggested and ordered printed On motion by Senator TIPPING of Penobscot REFERENCE to the Committee on HEALTH COVERAGE, INSURANCE AND FINANCIAL SERVICES Ordered sent down forthwith for concurrence (Senate) ## Bill text - Enacted: [PDF](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=SP0484&item=2&snum=132) - Introduced: [PDF](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=SP0484&item=1&snum=132) ## Related bills - LD 1522: An Act to Establish the Maine Eviction Prevention Program (failed) - LD 1665: An Act to Provide Property Tax Relief to Maine Families (failed) - LD 1872: An Act to Reinvest in the Pension Funds of the Maine Public Employees Retirement System (failed) - LD 2067: An Act to Include Community Mental Health Workers Under the 1998 Special Plan for Retirement (failed) - LD 1611: An Act to Decrease the Retirement Contributions Required for Teachers and State Employees (failed) - LD 1294: An Act to Expand the Dependent Exemption Tax Credit (failed) ## Sources - [Enacted (PDF)](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=SP0484&item=2&snum=132) - [Introduced (PDF)](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=SP0484&item=1&snum=132) ## Related - [LD 1522: An Act to Establish the Maine Eviction Prevention Program](https://policyrisk.com/state-bill/ME-LD1522-132) - [LD 1665: An Act to Provide Property Tax Relief to Maine Families](https://policyrisk.com/state-bill/ME-LD1665-132) - [LD 1872: An Act to Reinvest in the Pension Funds of the Maine Public Employees Retiremen…](https://policyrisk.com/state-bill/ME-LD1872-132) - [LD 2067: An Act to Include Community Mental Health Workers Under the 1998 Special Plan f…](https://policyrisk.com/state-bill/ME-LD2067-132) - [LD 1611: An Act to Decrease the Retirement Contributions Required for Teachers and State…](https://policyrisk.com/state-bill/ME-LD1611-132) - [LD 1294: An Act to Expand the Dependent Exemption Tax Credit](https://policyrisk.com/state-bill/ME-LD1294-132) - [Maine bills](https://policyrisk.com/states/maine/bills) - [Maine state hub](https://policyrisk.com/states/maine) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/ME-LD1195-132 (as of 2026-10-17).