WILLIAM DONALD SCHAEFER, Governor                        Ch. 5

4. The qualifications and educational training of those
persons actually performing the medical laboratory procedures in
the offices of those physicians or group of physicians exempt
from the permit requirements of § 17-205 of the Health - General
Article.

DRAFTER'S NOTE:

This corrects obsolete nomenclature in Ch. 731, Acts
of 1988.

Chapter 754 of the Acts of 1988

SECTION 3. AND BE IT FURTHER ENACTED, That any health
maintenance organization operating under a certificate of
authority issued by the Insurance Commissioner prior to [the
effective date of this Act] JULY 1, 1988 shall maintain,
beginning on July 1, 1988, surplus in the amount that is at least
equal to the greater of $150,000 or 5% of the earned subscription
charges for the preceding 12 months; beginning July 1, 1989,
surplus in the amount that is at least equal to the greater of
$200,000 or 5% of the earned subscription charges for the
preceding 12 months; and beginning July 1, 1990, surplus in the
amount that is at least equal to the greater of $250,000 or 5% of
the earned subscription charges for the preceding 12 months.

SECTION 4. AND BE IT FURTHER ENACTED, That any health
maintenance organization operating under a certificate of
authority issued by the Insurance Commissioner prior to [the
effective date of this Act] JULY 1, 1988 shall have, beginning
July 1, 1988, a total of $100,000 in cash or securities of the
type described in Article 48A, § 110 deposited through the
Commissioner and maintained in trust with the State Treasurer for
the protection of the members of the health maintenance
organization.

SECTION 5. AND BE IT FURTHER ENACTED, That the provisions
of § 19-710(d)(2)(ii) and (3) of the Health - General Article
apply only to health maintenance organizations that are operating
under a certificate of authority issued by the Insurance
Commissioner on or after [the effective date of this Act] JULY 1,
1988.

DRAFTER'S NOTE:

This inserts the effective date of Ch. 754, Acts of
1988 in the appropriate special sections.

Article 16 - Montgomery County

52-20.

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