clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e
  Maryland State Archives | Index | Help | Search search for:
clear space
white space
Session Laws, 1993
Volume 772, Page 2591   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

WILLIAM DONALD SCHAEFER, Governor                            Ch. 507

(D)     AS PART OF THE REPORT REQUIRED UNDER SUBSECTION (C) OF THIS
SECTION, A NONPROFIT HEALTH SERVICE PLAN SHALL:

(1)      FILE A CONSOLIDATED FINANCIAL STATEMENT:

(I)       COVERING THE NONPROFIT HEALTH SERVICE PLAN AND ALL
OF ITS AFFILIATES AND SUBSIDIARIES; AND

(II)     CONSISTING OF THE FINANCIAL STATEMENTS OF THE
NONPROFIT HEALTH SERVICE PLAN AND ALL OF ITS AFFILIATES AND SUBSIDIARIES,
CERTIFIED TO BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT AS TO THE
FINANCIAL CONDITION, TRANSACTIONS, AND AFFAIRS OF THE PLAN AND ITS
AFFILIATES AND SUBSIDIARIES FOR THE IMMEDIATELY PRECEDING CALENDAR
YEAR;

(2)      PROVIDE A LIST OF:

(I)       THE NAMES, ADDRESSES, AND BIOGRAPHICAL INFORMATION
OF THE MEMBERS OF THE BOARD OF DIRECTORS OF THE NONPROFIT HEALTH
SERVICE PLAN;

(II)     THE TOTAL COMPENSATION, INCLUDING ALL CASH AND
DEFERRED COMPENSATION IN ADDITION TO SALARY, OF:

1.        EACH MEMBER OF THE BOARD OF DIRECTORS OF THE
NONPROFIT HEALTH SERVICE PLAN;

2.         EACH OFFICER OF THE NONPROFIT HEALTH SERVICE
PLAN OR OF ANY AFFILIATE OR SUBSIDIARY OF THE PLAN; AND

3.        ANY EMPLOYEE OF THE NONPROFIT HEALTH SERVICE
PLAN OR OF ANY AFFILIATE OR SUBSIDIARY OF THE PLAN DESIGNATED BY THE
COMMISSIONER; AND

(3)      PROVIDE ANY OTHER INFORMATION OR DOCUMENTS NECESSARY
FOR THE COMMISSIONER TO ASSURE COMPLIANCE WITH THIS SUBTITLE.

(E)      THE STATEMENTS OR REPORTS REQUIRED UNDER THIS SECTION SHALL
BE IN THE FORM PRESCRIBED BY THE COMMISSIONER.

(F)      WHENEVER A CORPORATION LICENSED UNDER THIS SUBTITLE MAKES A
CHANGE THAT WOULD RESULT IN A CHANGE IN ANY OF THE INFORMATION
REQUIRED UNDER SUBSECTION (D) OF THIS SECTION, THE CORPORATION SHALL
NOTIFY THE COMMISSIONER WITHIN 30 DAYS AFTER THE CHANGE BECOMES
EFFECTIVE.

[358.

The Commissioner, or any examiner or examiners of the Insurance Department,
shall have the power of visitation and examination into the affairs of any such corporation
and free access to all of its books, papers and documents, and may summon and examine

- 2591 -

 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 1993
Volume 772, Page 2591   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  October 11, 2023
Maryland State Archives