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§ 6.5-303. Acquisition of nonprofit health service plan or nonprofit health maintenance organiz...

West's Annotated Code of MarylandState GovernmentEffective: April 14, 2015

West's Annotated Code of Maryland
State Government (Refs & Annos)
Title 6.5. Attorney General; Acquisition of Nonprofit Health Entities (Refs & Annos)
Subtitle 3. Review Criteria and Penalties (Refs & Annos)
Effective: April 14, 2015
MD Code, State Government, § 6.5-303
§ 6.5-303. Acquisition of nonprofit health service plan or nonprofit health maintenance organization
Currentness
In determining whether to approve an acquisition of a nonprofit health service plan or a nonprofit health maintenance organization, the Administration shall consider:
(1) the criteria listed in § 6.5-301 of this subtitle; and
(2) whether the acquisition:
(i) is equitable to enrollees, insureds, shareholders, and certificate holders, if any, of the transferor;
(ii) is in compliance with Title 2, Subtitle 6 of the Corporations and Associations Article; and
(iii) ensures that the transferee will possess surplus in an amount sufficient to:
1. comply with the surplus required under law; and
2. provide for the security of the transferee's certificate holders and policyholders.

Credits

Added by Acts 1998, c. 123, § 1, eff. Oct. 1, 1998; Acts 1998, c. 124, § 1, eff. Oct. 1, 1998. Amended by Acts 2001, c. 701, § 1, eff. June 1, 2001; Acts 2015, c. 22, § 1, eff. April 14, 2015.
MD Code, State Government, § 6.5-303, MD STATE GOVT § 6.5-303
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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