Ch. 754

LAWS OF MARYLAND

(III) BY PAYING THE FEE FOR AN ORIGINAL AGENT'S
CERTIFICATE OF QUALIFICATION AS SPECIFIED UNDER § 41 OF THIS
ARTICLE IS NOT REQUIRED TO SUBMIT TO A PERSONAL WRITTEN
EXAMINATION UNDER THIS SECTION.

354.

(a) Any corporation without capital stock heretofore or
hereafter organized for the purpose of establishing, maintaining
and operating a nonprofit health service plan whereby hospital,
medical, chiropodial, chiropractic, pharmaceutical, dental,
psychological or optometric care is provided by a hospital, or
hospitals, a physician or physicians, a chiropodist or
chiropodists, a chiropractor or chiropractors, a pharmacist or
pharmacists, a dentist or dentists, a duly licensed psychologist
or psychologists, or an optometrist or optometrists, to persons
who become subscribers to such plan under contracts which entitle
each subscriber to certain hospital, medical, chiropodial,
chiropractic, pharmaceutical, dental, psychological, or
optometric care or any of them, shall be governed and regulated
by the provisions of this subtitle, AND OF SUBTITLE 11 OF THIS
ARTICLE, and by no other law relating to insurance unless such
law is referred to under this subtitle, and no law hereafter
enacted shall apply to such corporations, unless they are
expressly designated therein, and specifically refer to such
corporations. Notwithstanding this, the Commissioner shall have
those powers and duties necessary to enforce the provisions of
this subtitle with respect to nonprofit health service plans as
are granted under §§ 24 and 25 of this article.

356AA.

(A) A CORPORATION SUBJECT TO THIS SUBTITLE MAY CONVERT TO A
FOR-PROFIT INSURER SUBJECT TO THE PROVISIONS OF THIS ARTICLE
UNDER A PLAN AND PROCEDURE APPROVED BY THE COMMISSIONER.

(B) THE COMMISSIONER MAY NOT APPROVE ANY PLAN OR PROCEDURE
UNLESS:                                                                                 

(1) IT IS EQUITABLE TO ENROLLEES AND SHAREHOLDERS, IF
ANY, OF THE CORPORATION;

(2) IT IS IN COMPLIANCE WITH TITLE 2, SUBTITLE 6 OF
THE CORPORATIONS AND ASSOCIATIONS ARTICLE; AND-------------------

(3) THE PLAN OR PROCEDURE PROVIDES THAT NO PART OF
THE ASSETS OR SURPLUS OF THE NONPROFIT HEALTH SERVICE PLAN WILL
INURE DIRECTLY OR INDIRECTLY TO ANY OFFICER OR DIRECTOR OF THE
CORPORATION.---------------------------------------------------

(C) ANY CORPORATION THAT BECOMES A FOR-PROFIT INSURER UNDER
THIS SECTION MAY NOT BE DEEMED TO HAVE ABANDONED ITS CORPORATE

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