Md. Code, State Gov’t § 6.5-303. Acquisition of nonprofit health service plan or nonprofit health maintenance organization: Attorney General; Acquisition of Nonprofit Health Entities – Maryland

Status: Enacted
Year Enacted: 1998
Year Amended: 2015
File: Download

In addition to the criteria listed in § 6.5-301, the administration shall consider whether the acquisition is equitable to enrollees and shareholders, is in compliance with Title 2, Subtitle 6 of the Corporations and Associations Article, and ensures that the transferee will possess surplus in an amount sufficient to comply with the surplus required under law and provide for the security of the transferee’s certificate holders and policyholders.

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