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Session Laws, 2007
Volume 803, Page 3882   View pdf image
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2007 Laws of Maryland
Ch. 609
CHAPTER 609
(House Bill 487)
AN ACT concerning Nonprofit Health Service Plans - Boards of Directors - Term Limits and Compensation FOR the purpose of altering the number of terms and the total number of years that
may be served by a member of the board of directors of a nonprofit health
service plan; altering the amount and type of compensation that may be
received by a board member; requiring the Maryland Insurance Commissioner
to make a certain review in a certain manner about the amount of compensation to be paid to board members; requiring the Commissioner to submit a certain report to certain committees of the General Assembly on or before a certain date
each year; altering the requirement that a certain corporation report certain
information to the Maryland Insurance Commissioner; requiring a certain
compensation committee to develop certain guidelines for certain compensation
for board members: requiring the board of a nonprofit health service plan to
provide a copy of certain guidelines to each member of the board: requiring the
board of a nonprofit health service plan to adhere to certain guidelines in
compensating the board members of the nonprofit health service plan: requiring
the Commissioner to review certain compensation paid to board members: and
generally relating to the boards of directors of nonprofit health service plans. BY repealing and reenacting, with amendments,
Article — Insurance Section 14-115(e)(6) and (g) and 14-139(d) Annotated Code of Maryland (2006 Replacement Volume and 2006 Supplement) SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows: Article - Insurance 14-115. (e) (6) A member may not serve for more than: (i) [two] THREE full terms; or
(ii) a total of more than [6] 9 years.
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Session Laws, 2007
Volume 803, Page 3882   View pdf image
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