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Session Laws, 1995
Volume 793, Page 3154   View pdf image
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Ch. 544

1995 LAWS OF MARYLAND

(III)   ACTS AS AN ORGANIZATIONAL CLEARINGHOUSE FOR
INFORMATION BETWEEN SUBSCRIBERS WHO HAVE FINANCIAL, PHYSICAL, OR
MEDICAL NEEDS COSTS AND SUBSCRIBERS WHO CHOOSE TO ASSIST WITH THOSE
NEEDS COSTS;

(IV)    MATCHES SUBSCRIBERS WITH A WILLINGNESS TO PAY AND
SUBSCRIBERS WITH PRESENT NEEDS MEDICAL COSTS;

(V)     COORDINATES PAYMENTS DIRECTLY FROM ONE SUBSCRIBER
TO ANOTHER;

(VI)    SUGGESTS AMOUNTS TO GIVE THAT ARE VOLUNTARY AMONG
THE SUBSCRIBERS, WITH NO ASSUMPTION OF RISK OR PROMISE TO PAY EITHER
AMONG THE SUBSCRIBERS OR BETWEEN THE SUBSCRIBERS AND THE
ORGANIZATION;

(VII)  DOES NOT USE A COMPENSATED AGENT, REPRESENTATIVE,
OR OTHER INDIVIDUAL PERSON TO SOLICIT OR ENROLL SUBSCRIBERS;

(VIII) DOES NOT MAKE A DIRECT OR INDIRECT REPRESENTATION
THAT IT IS OPERATING IN A FINANCIALLY SOUND MANNER OR THAT IT HAS HAD A
SUCCESSFUL HISTORY OF MEETING SUBSCRIBERS' FINANCIAL OR MEDICAL NEEDS
COSTS;

(IX)    PROVIDES TO EACH SUBSCRIBER A WRITTEN MONTHLY
STATEMENT LISTING BOTH THE TOTAL DOLLAR AMOUNT OF QUALIFIED NEEDS
MEDICAL COSTS SUBMITTED FOR PUBLICATION AND THE AMOUNT ACTUALLY
PUBLISHED AND ASSIGNED FOR PAYMENT;

(X)     DOES NOT USE FUNDS PAID BY SUBSCRIBERS FOR MEDICAL
NEEDS COSTS TO COVER ADMINISTRATIVE COSTS; AN©

(XI)    SUBMITS A REGISTRATION STATEMENT, INCLUDING A COPY OF
ANY APPLICATION FORMS AND GUIDELINES, PROMOTIONAL, OR INFORMATIONAL
MATERIAL DISTRIBUTED BY OR ON BEHALF OF THE ARRANGEMENT, TO THE
SECRETARY OF STATE IN ACCORDANCE WITH THE PROVISIONS OF TITLE 6,
SUBTITLE 4 OF THE BUSINESS REGULATION ARTICLE; AND

(XI) (XII) PROVIDES THE FOLLOWING VERBATIM WRITTEN
DISCLAIMER AS A SEPARATE COVER SHEET FOR ANY AND ALL DOCUMENTS
DISTRIBUTED BY OR ON BEHALF OF THE EXEMPT ORGANIZATION ARRANGEMENT,
INCLUDING APPLICATIONS, GUIDELINES, PROMOTIONAL, OR INFORMATIONAL
MATERIAL AND ALL PERIODIC PUBLICATIONS:

- 3154 -

 

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Session Laws, 1995
Volume 793, Page 3154   View pdf image
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