PARRIS N. GLENDENING, Governor

Ch. 35

they do not clearly specify which health benefit plans are "eligible" for
reinsurance. See §§ 15-1218 and 15-1219 of this subtitle.

In subsection (c)(1) of this section, the former reference to the election of "an
initial" Board of Directors is deleted as obsolete because the initial Board of
Directors has been elected.

In subsection (g)(1) of this section, the former phrase "[w]ithin 180 days after
the election of the initial Board", which imposed the deadline by which an
initial plan of operation was to be submitted to the Commissioner, is deleted
as obsolete. The Board adopted an initial plan, so this phrase is no longer
necessary.

Former Art. 48A, § 707(b), (c), (d), (e)(2), and (i)(2)(i), which were
transitional provisions that related to the Board of Directors of the Pool and
a temporary plan of operation, are deleted as obsolete.

Defined terms: "Board" § 15-1201
"Carrier" § 15-1201
"Commissioner" § 1-101
"Health insurance" § 1-101
"Pool" § 15-1201
"Reinsurance" § 1-101
"Reinsuring carrier" § 15-1201
"Small employer" § 15-1201

15-1217. REQUIREMENTS FOR PLAN OF OPERATION; POWERS OF BOARD.

(A) REQUIREMENTS FOR PLAN OF OPERATION.
AT A MINIMUM, THE PLAN OF OPERATION SHALL:

(1) ESTABLISH PROCEDURES FOR THE HANDLING AND ACCOUNTING
OF POOL ASSETS AND MONEYS AND FOR AN ANNUAL FISCAL REPORT TO THE
COMMISSIONER;

(2) ESTABLISH PROCEDURES FOR REINSURING CLAIMS SUBMITTED TO
THE POOL IN ACCORDANCE WITH THIS SUBTITLE;

(3) ESTABLISH PROCEDURES FOR COLLECTING ASSESSMENTS FROM
MEMBERS TO REINSURE CLAIMS SUBMITTED TO THE POOL AND TO PAY FOR
ADMINISTRATIVE EXPENSES INCURRED OR ESTIMATED TO BE INCURRED DURING
THE PERIOD;

(4) ESTABLISH PROCEDURES FOR RECOUPING ANY NET LOSSES TO THE
POOL FOR THE CALENDAR YEAR BY ASSESSING REINSURING CARRIERS UNDER §
15-1221 OF THIS SUBTITLE; AND

(5) PROVIDE FOR ANY ADDITIONAL MATTERS AT THE DISCRETION OF
THE BOARD.

(B) GENERAL POWERS OF BOARD.

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