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Ch. 444 2005 LAWS OF MARYLAND
(5) the part of the gross receipts of a title insurer that is derived from
insurance business or guaranty business.
6-103.
The tax rate is:
(1) 0% for premiums for annuities: and
(2) 2% for all other premiums, including:
(i) gross receipts received as a result of capitation payments made to
a managed care organization, supplemental payments, and bonus payments; and
(ii) subscription charges or other amounts paid to a FOR-PROFIT
health maintenance organization.
6-121.
(A) (1) IN THIS SECTION THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.
(2) "NONPROFIT HEALTH MAINTENANCE ORGANIZATION" MEANS A
HEALTH MAINTENANCE ORGANIZATION AUTHORIZED BY TITLE 19, SUBTITLE 7 OF
THE HEALTH - GENERAL ARTICLE THAT IS EXEMPT FROM TAXATION UNDER §§
501(C)(3) OF THE INTERNAL REVENUE CODE.
(3) "PREMIUM TAX EXEMPTION VALUE" MEANS THE AMOUNT OF
PREMIUM TAXES THAT A NONPROFIT HEALTH MAINTENANCE ORGANIZATION
WOULD HAVE BEEN REQUIRED TO PAY IF THE NONPROFIT HEALTH MAINTENANCE
ORGANIZATION WERE NOT EXEMPT FROM TAXATION UNDER § 6-101(B)(7) OF THIS
SUBTITLE.
(B) (1) A NONPROFIT HEALTH MAINTENANCE ORGANIZATION SHALL
TRANSFER FUNDS IN AN AMOUNT EQUAL TO THE PREMIUM TAX EXEMPTION VALUE
OF THE NONPROFIT HEALTH MAINTENANCE ORGANIZATION TO THE MEDICAL
ASSISTANCE PROGRAM ACCOUNT ESTABLISHED UNDER TITLE 19. SUBTITLE 8 OF
THIS ARTICLE TO BE USED TO SUPPORT THE PROVISION OF HEALTH CARE TO
ELIGIBLE INDIVIDUALS.
(2) NOTWITHSTANDING THE ALLOCATION PROVIDED UNDER § 19-803(B)
OF THIS ARTICLE, THE AMOUNT TRANSFERRED TO THE MEDICAL ASSISTANCE
PROGRAM ACCOUNT BY A NONPROFIT HEALTH MAINTENANCE ORGANIZATION
UNDER PARAGRAPH (1) OF THIS SUBSECTION:
(I) SHALL BE ALLOCATED DIRECTLY TO THE MEDICAL
ASSISTANCE PROGRAM ACCOUNT; AND
(II) SHALL BE COUNTED TOWARDS THE TOTAL ALLOCATION
REQUIRED TO THE MEDICAL ASSISTANCE PROGRAM ACCOUNT UNDER § 19-803
(B)(3)(II)2, (III)2, (IV)2, AND (V)2 OF THIS ARTICLE.
(C) A NONPROFIT HEALTH MAINTENANCE ORGANIZATION SHALL TRANSFER
TO THE MEDICAL ASSISTANCE PROGRAM ACCOUNT;
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