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Session Laws, 2003
Volume 799, Page 2514   View pdf image
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Ch. 356                                    2003 LAWS OF MARYLAND

(IV) HAS BEEN PROHIBITED UNDER ANY FEDERAL SECURITIES LAW
FROM ACTING AS A DIRECTOR OR OFFICER OF ANY CORPORATION.

(8)     A member shall meet any other qualifications set forth in the bylaws
of the nonprofit health service plan.

(9)     A member may not be an immediate family member of another board
member or an officer or employee of the nonprofit health service plan.

(10)   The board shall elect a chairman from among its members.

(11)   (I) The [membership] COMPOSITION of the board shall represent
the [different] RACIAL AND GENDER [geographic regions] DIVERSITY of the State.

(II) THE BOARD SHALL INCLUDE REPRESENTATION FROM EACH
GEOGRAPHIC REGION OF THE STATE.

(f) The board shall notify the Commissioner of any member who attends less
than 65% of the meetings of the board during a period of 12 consecutive months.

(G) (1) EXCLUDING REIMBURSEMENT FOR ORDINARY AND NECESSARY
EXPENSES, A BOARD MEMBER IN ANY CALENDAR YEAR MAY RECEIVE
COMPENSATION NOT TO EXCEED:

(I) $15,000 FOR THE CHAIRMAN OF THE BOARD OR A BOARD
MEMBER WHO IS THE CHAIRMAN OF A COMMITTEE; OR

(II) $12,000 FOR A BOARD MEMBER WHO IS NOT THE CHAIRMAN OF
THE BOARD OR A BOARD COMMITTEE.

(2) A BOARD MEMBER MAY NOT RECEIVE MORE THAN THE AMOUNT
SPECIFIED IN PARAGRAPH (1) OF THIS SUBSECTION FOR SERVING ON MORE THAN
ONE BOARD OF A CORPORATION SUBJECT TO THIS SECTION.

(3) (I) THIS PARAGRAPH APPLIES TO A CORPORATION THAT IS:

1. ISSUED A CERTIFICATE OF AUTHORITY AS A NONPROFIT
HEALTH SERVICE PLAN; AND

2. THE SOLE MEMBER OF A CORPORATION ISSUED A
CERTIFICATE OF AUTHORITY AS A NONPROFIT HEALTH SERVICE PLAN.

(II) ON OR BEFORE MARCH 1, 2004, AND ANNUALLY THEREAFTER A
CORPORATION SUBJECT TO THIS PARAGRAPH SHALL REPORT TO THE
COMMISSIONER ON THE AMOUNT OF THE ORDINARY AND NECESSARY EXPENSES
PAID TO EACH BOARD MEMBER IN THE PRECEDING CALENDAR YEAR

[(g) (1) This subsection does not apply to a board of a nonprofit health service
plan that has a premium income for the preceding year of less than $30,000,000.

(2) No more than 25% of a board may be:

(i) licensed health care professionals;

- 2514 -

 

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Session Laws, 2003
Volume 799, Page 2514   View pdf image
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