|
|
|
|
|
|
|
|
|
|
|
|
|
|
ROBERT L. EHRLICH, JR., Governor S.B. 716
6-101.
(a) The following persons are subject to taxation under this subtitle:
(1) a person engaged as principal in the business of writing insurance
contracts, surety contracts, guaranty contracts, or annuity contracts;
(2) a managed care organization authorized by Title 15, Subtitle 1 of the
Health - General Article;
(3) A FOR-PROFIT health maintenance organization authorized by Title
19, Subtitle 7 of the Health - General Article;
(4) an attorney in fact for a reciprocal insurer;
(5) the Maryland Automobile Insurance Fund; and
(6) a credit indemnity company.
(b) The following persons are not subject to taxation under this subtitle:
(1) a nonprofit health service plan corporation that meets the
requirements established under §§ 14-106 and 14-107 of this article;
(2) a fraternal benefit society;
(3) a surplus lines broker, who is subject to taxation in accordance with
Title 3, Subtitle 3 of this article;
(4) an unauthorized insurer, who is subject to taxation in accordance with
Title 4, Subtitle 2 of this article;
(5) the Maryland Health Insurance Plan established under Title 14,
Subtitle 5, Part I of this article[; or]
(6) the Senior Prescription Drug Program established under Title 14,
Subtitle 5, Part II of this article; OR
(7) A NONPROFIT 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.
6-102.
(b) Premiums to be taxed include:
(1) the consideration for a surety contract, guaranty contract, or annuity
contract;
(2) gross receipts received as a result of capitation payments,
supplemental payments, and bonus payments, made to a managed care organization
for provider services to an individual who is enrolled in a managed care organization;
|
|
|
|
|
|
|
|
|
|
- 3819 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
