Ch: 182

1995 LAWS OF MARYLAND

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section(s) 2-2-41 through 2-2-49, inclusive, and the heading
designation "Article III. Classified Service" of Article 11 - Frederick County of the Code
of Public Local Laws of Maryland be repealed.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 1995.

Approved May 9, 1995.

CHAPTER 182
(Senate Bill 551)

AN ACT concerning

Health Maintenance Organizations - Audited Financial Reports - Filing Date

FOR the purpose of requiring, with a "certain exception, that a health maintenance
organization (HMO) file an audited financial report with the State Insurance
Commissioner by a certain date; requiring that the audited financial report be
certified by an audit of a certified public accounting firm; eliminating a requirement
that a certain annual report filed by an HMO be certified by an audit of a certified
public accounting firm; and generally relating to financial reports filed by an HMO.

BY repealing and reenacting, with amendments,
Article - Health - General
Section 19-717
Annotated Code of Maryland
(1990 Replacement Volume and 1994 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Health - General

19-717.

(a) Except as provided in subsection (b) of this section and unless, for good cause
shown, the Commissioner extends the time for a reasonable period[, on]:

(1)     ON or before March 1 of each year, each health maintenance
organization shall file with the Commissioner a report that shows the financial condition
of the health maintenance organization on the last day of the preceding calendar year and
any other information that the Commissioner requires by rule or regulation[.]; AND

(2)      ON OR BEFORE JUNE 1 OF EACH YEAR, EACH HEALTH
MAINTENANCE ORGANIZATION SHALL FILE WITH THE COMMISSIONER AN AUDITED
FINANCIAL REPORT FOR THE PRECEDING CALENDAR YEAR.

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