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§ 14-119. Notice to Commissioner of impairment

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 14. Entities that Act as Health Insurers
Subtitle 1. Nonprofit Health Service Plans (Refs & Annos)
Part III. Management, Finances, and Solvency
MD Code, Insurance, § 14-119
§ 14-119. Notice to Commissioner of impairment
Currentness
In general
(a) In addition to the requirements of § 9-231 of this article, if a chief executive officer, chief financial officer, treasurer, or director knows that a nonprofit health service plan or its affiliate or subsidiary is impaired, that individual immediately shall notify the Commissioner of the impairment, unless the Commissioner has already been notified of the impairment by the chief executive officer, chief financial officer, treasurer, or director.
Construction with § 9-231
(b) The provisions of § 9-231(d), (f), and (g) of this article apply to notice provided to the Commissioner under this section.

Credits

Added by Acts 1997, c. 35, § 2, eff. Oct. 1, 1997.
Formerly Art. 48A, §§ 58A, 360C.
MD Code, Insurance, § 14-119, MD INSURANCE § 14-119
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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