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2005 LAWS OF MARYLAND
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Ch. 282
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(3) The Treasurer shall separately hold and the Comptroller shall
account for the Fund,
(4) The Fund shall be invested and reinvested at the direction of the
Board in a manner that is consistent with the requirements of Title 5, Subtitle 6 of
this article.
(5) Any investment earnings shall be retained to the credit of the Fund.
(6) On an annual basis, the Fund shall be subject to an independent
actuarial review setting forth an opinion relating to reserves and related actuarial
items held in support of policies and contracts.
(7) The Fund shall be used only to provide funding for the purposes
authorized under this subtitle.
(b) The Fund shall consist of:
(1) premiums for coverage that the Plan issues;
(2) except as provided in § 14-513(a) of this subtitle, premiums paid by
enrollees of the Senior Prescription Drug ASSISTANCE Program;
(3) money collected in accordance with § 19-219 of the Health - General
Article;
(4) money deposited by a carrier in accordance with § 14-513 of this
subtitle;
(5) income from investments that the Board makes or authorizes on
behalf of the Fund;
(6) interest on deposits or investments of money from the Fund;
(7) premium tax revenue collected under § 14-107 of this title;
(8) money collected by the Board as a result of legal or other actions
taken by the Board on behalf of the Fund;
(9) money donated to the Fund; and
(10) money awarded to the Fund through grants.
(e) (1) In addition to the operation and administration of the Plan, the Fund
shall be used for the operation and administration of the Senior Prescription Drug
ASSISTANCE Program established under Part II of this subtitle.
(2) The Board shall maintain separate accounts within the Fund for the
Senior Prescription Drug ASSISTANCE Program and the Maryland Health Insurance
Plan.
(3) Accounts within the Fund shall contain those moneys that are
intended to support the operation of the Program for which the account is designated.
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- 1468 -
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