§ 7-501. Acquisition of control of foreign nonprofit health service plan
West's Annotated Code of MarylandInsurance
MD Code, Insurance, § 7-501
§ 7-501. Acquisition of control of foreign nonprofit health service plan
(a) This section does not apply to:
(i) the laws of the jurisdiction in which the nonprofit health service plan is domiciled authorize the commissioner of that jurisdiction to investigate and approve an acquisition of direct or indirect control of a nonprofit health service plan by conversion, merger, consolidation, exercise of a right to acquire, or otherwise; and
Compliance with Subtitles 3 and 4 required before seeking control of foreign nonprofit health service plan
(b) A person shall comply with the procedures required by Subtitles 3 and 4 of this title to the extent applicable before the person seeks control of a foreign nonprofit health service plan that is authorized to do business in the State under Title 4 of this article by:
Credits
Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, § 503A.
MD Code, Insurance, § 7-501, MD INSURANCE § 7-501
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document |