PARRIS N. GLENDENING, Governor

Ch. 35

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

(1) FILE A CONSOLIDATED FINANCIAL STATEMENT THAT:

(I) COVERS THE NONPROFIT HEALTH SERVICE PLAN AND EACH
OF ITS AFFILIATES AND SUBSIDIARIES; AND

(II) CONSISTS OF THE FINANCIAL STATEMENTS OF THE NONPROFIT
HEALTH SERVICE PLAN AND EACH OF ITS AFFILIATES AND SUBSIDIARIES,
CERTIFIED 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 AND ADDRESSES OF AND BIOGRAPHICAL
INFORMATION ABOUT 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 ANY AFFILIATE OR SUBSIDIARY OF THE PLAN; AND

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

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

(E) REQUIRED FORM.

THE STATEMENTS AND REPORTS REQUIRED UNDER THIS SECTION SHALL BE
IN THE FORM REQUIRED BY THE COMMISSIONER.

(F) CHANGE IN INFORMATION.

WHENEVER A CORPORATION AUTHORIZED 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.

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 48A, § 357A.

In subsections (a)(1) and (c)(1)(ii) of this section, the phrase "unless the

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