HARRY HUGHES, Governor                               1037

"Department" § 1-101

"Health maintenance organization" § 19-701

"Includes"/"including" § 1-101

19-717. ANNUAL REPORTS.

(A)  IN GENERAL.

EXCEPT AS PROVIDED IN SUBSECTION (B) OF THIS SECTION
AND UNLESS, FOR GOOD CAUSE SHOWN, THE COMMISSIONER EXTENDS
THE TIME FOR A REASONABLE PERIOD, ON OR BEFORE MARCH 1 OF
EACH YEAR, EACH HEALTH MAINTENANCE ORGANIZATION SHALL FILE
WITH THE COMMISSIONER A REPORT THAT SHOWS THE FINANCIAL
CONDITION OF THE HEALTH MAINTENANCE ORGANIZATION ON THE LAST
DAY OF THE PRECEDING CALENDAR YEAR AND ANY OTHER INFORMATION
THAT THE COMMISSIONER REQUIRES BY RULE OR REGULATION.

(B)  FISCAL YEAR EXCEPTION.

A HEALTH MAINTENANCE ORGANIZATION THAT HAS A FISCAL
YEAR OTHER THAN THE CALENDAR YEAR MAY REQUEST PERMISSION TO
FILE THE ANNUAL REPORT REQUIRED UNDER SUBSECTION (A) OF THIS
SECTION AT THE END OF ITS FISCAL YEAR RATHER THAN THE
PRECEDING CALENDAR YEAR. IF THE COMMISSIONER GRANTS THIS
PERMISSION, THE HEALTH MAINTENANCE ORGANIZATION SHALL FILE
THE ANNUAL REPORT WITH THE COMMISSIONER WITHIN 60 DAYS AFTER
THE END OF ITS FISCAL YEAR.

(C)  FORM.

THE ANNUAL REPORT SHALL:

(1)  BE ON THE FORMS THAT THE COMMISSIONER
REQUIRES;

(2)  BE CERTIFIED BY AN AUDIT OF A CERTIFIED
PUBLIC ACCOUNTING FIRM; AND

(3)  INCLUDE A DESCRIPTION OF ANY CHANGES IN THE
INFORMATION SUBMITTED UNDER § 19-708 OF THIS SUBTITLE.

(D)  PUBLIC RECORD.

EACH FINANCIAL REPORT FILED UNDER THIS SECTION IS A
PUBLIC RECORD.

REVISOR'S NOTE: This section is new language derived
without substantive change from former Article
43, § 847(e) and the first sentence of (f)(1).

In subsection (a) of this section, the reference
to "other information that the Commissioner
requires" is added for clarity. It is based on
subsection (c)(3) of this "section and the
referenced § 19-708 of this subtitle, which