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Maryland Code, State Government § 6.5-303

Current as of January 01, 2025 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - Maryland Code, State Government § 6.5-303 - last updated January 01, 2025 | https://codes.findlaw.com/md/state-government/md-code-state-govt-sect-6-5-303/

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