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Session Laws, 1935
Volume 579, Page 1000   View pdf image (33K)
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1000 LAWS OF MARYLAND. [CH. 476

to any of its subscribers, provided, however, that the rates
charged by such corporation to the subscribers for hospital
care shall at all times be subject to the approval of the State
Insurance Commissioner; and provided, further, that all
rates of payments to hospitals made by such corporation
pursuant to the contracts provided for in Section 488A
shall be approved prior to payment by the Board of State
Aid and Charities.

488E. Every such corporation shall annually on or be-
fore the first day of March file in the office of the State
Insurance Commissioner a statement verified by at least
two of the principal officers of the corporation showing its
condition on the 31st day of December then next preceding,
which shall be in such form and shall contain such matters
as the State Insurance Commissioner shall prescribe.

488F. The State Insurance Commissioner or any deputy
or deputies or any person whom he may appoint shall have
the power of visitation and examination into the affairs of
any such corporation and free access to all of the books,
papers and documents that relate to the business of the
corporation and may summon and qualify witnesses under
oath to Examine its officers, agents or employees or other
persons in relation to the affairs, transactions and condi-
tions of the corporation.

488G. The funds of any corporation subject to the pro-
visions of this sub-title shall be invested only in securities
permitted by the law of this State for the investment of
assets of life insurance companies.

488H. Any dispute arising between a corporation sub-
ject to the provisions of this sub-title and any hospital with
whom such corporation has a contract for hospital service
may be submitted to the Board of State Aid and Charities
for its decision with respect thereto, provided, however,
that all decisions and findings of the State Insurance Com-
missioner and the Board of State Aid and Charities made
under the provisions of this sub-title may be revised by
proper proceedings in a court of competent jurisdiction.

488-1. Should at any time the State Insurance Commis-
sioner be of the opinion that any corporation organized
under this sub-title is being operated for profit or is not
fulfilling its duties as contemplated by this sub-title he
shall then be empowered to take proceedings looking to a

 

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Session Laws, 1935
Volume 579, Page 1000   View pdf image (33K)
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