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2007 Vetoed Bills and Messages
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S.B. 936
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(I) BOARD MEMBERS MAY RECEIVE THE FOLLOWING
COMPENSATION:
1.(I) REIMBURSEMENT FOR ORDINARY AND
NECESSARY EXPENSES; AND
2. (II) AN AMOUNT OF BASE COMPENSATION AND
COMPENSATION FOR ATTENDANCE at MEETINGS DETERMINED BY THE
COMMISSIONER IN ACCORDANCE WITH SUBPARAGRAPH (II) OF THIS
PARAGRAPH § 14-139 OF THIS SUBTITLE.
(II) THE COMMISSIONER AT LEAST ANNUALLY SHALL
REVIEW THE AMOUNT OF BASE COMPENSATION AND COMPENSATION FOR ATTENDANCE AT MEETINGS TO BE PAID TO BOARD MEMBERS.
(III) IN EVALUATING THE FAIRNESS AND REASONABLENESS
OF THE PROPOSED COMPENSATION, THE COMMISSIONER SHALL TAKE INTO
ACCOUNT THE COMPENSATION PAID TO MEMBERS OF THE BOARDS OF OTHER NONPROFIT HEALTH SERVICE PLANS, INSURERS, AND BLUECROSS BLUESHIELD PLANS OF A SIMILAR SIZE.
(IV) ON OR BEFORE JANUARY 1 OF EACH YEAR, THE
COMMISSIONER SHALL REPORT, IN ACCORDANCE WITH § 2-1246 OF THE STATE
GOVERNMENT ARTICLE, THE RESULTS OF THE REVIEW UNDER SUBPARAGRAPH
(II) OF THIS PARAGRAPH TO THE SENATE FINANCE COMMITTEE AND THE
HOUSE HEALTH AND GOVERNMENT OPERATIONS 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] ON OR BEFORE JUNE 30 OF EACH CALENDAR YEAR, A
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- 4502 -
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