§ 14-115. Board of directors
West's Annotated Code of MarylandInsuranceEffective: July 1, 2022
Effective: July 1, 2022
MD Code, Insurance, § 14-115
§ 14-115. Board of directors
(b) This section applies to a nonprofit health service plan that is:
(c)(1) The business and affairs of a nonprofit health service plan shall be managed under the direction of a board of directors.
(d)(1) This subsection applies to a corporation that is:
(iii) no more than 21 voting members selected by the board, in accordance with the bylaws of the corporation, including three consumer members, who are covered by the nonprofit health service plan or its affiliates at the time of their initial election to the board and who satisfy the requirements of paragraphs (13), (14), and (15) of this subsection.
(4) To the extent possible, the board shall seek to include individuals with a diverse range of experience relevant to the mission of the corporation as a nonprofit health service plan as required under § 14-102 of this subtitle, including experience in data, consumer experience, government programs, population health, geriatrics, diversity, equity and inclusion, audit, human resources, benefit consulting, executive level, actuarial, accounting, information technology, finance, law, large and small businesses, nonprofit businesses, and organized labor.
(e)(1) This subsection does not apply to a board that has fewer than three authorized members.
(f) The board shall notify the Commissioner of any member who attends less than 65% of the meetings of the board during a period of 12 consecutive months.
(g)(1) Board members may receive the following compensation:
Credits
Added by Acts 1997, c. 35, § 2, eff. Oct. 1, 1997. Amended by Acts 2003, c. 356, § 1, eff. May 22, 2003; Acts 2003, c. 357, § 1, eff. May 22, 2003; Acts 2004, c. 25, § 1, eff. April 13, 2004; Acts 2004, c. 257, § 1, eff. June 1, 2004; Acts 2007, c. 609, § 1, eff. Oct. 1, 2007; Acts 2008, c. 36, § 1, eff. April 8, 2008; Acts 2022, c. 304, § 1, eff. July 1, 2022; Acts 2022, c. 305, § 1, eff. July 1, 2022.
Formerly Art. 48A, §§ 360A, 361G.
MD Code, Insurance, § 14-115, MD INSURANCE § 14-115
Current through legislation effective through April 25, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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