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Ch. 320
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2000 LAWS OF MARYLAND
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(C) (1) THE COMMISSION SHALL GRANT UP TO A 2% DIFFERENTIAL TO A
CARRIER THAT HAS A SAAC PRODUCT THAT HAS BEEN APPROVED UNDER § 15-6A-03
OF THE INSURANCE ARTICLE.
(2) IF THE VALUE OF THE DIFFERENTLY IS EQUAL TO OR LESS THAN
TWO TIMES THE SUBSIDY, THE CARRIER HAS EARNED THE DIFFERENTIAL.
(3) IF THE VALUE OF THE DIFFERENTIAL IS GREATER THAN TWO TIMES
THE SUBSIDY, THE CARRIER SHALL SUBMIT A CORRECTIVE PLAN TO THE
COMMISSION, FOR APPROVAL BY THE COMMISSION, IN CONSULTATION WITH THE
COMMISSIONER.
(D) A CORRECTIVE PLAN UNDER SUBSECTION (C)(3) OF THIS SECTION MAY
PROVIDE FOR:
(1) PAYMENT BY THE CARRIER TO THE COMMISSION OR THE
COMMISSION'S DESIGNEE IN THE AMOUNT BY WHICH THE VALUE OF THE
DIFFERENTIAL EXCEEDS TWO TIMES THE SUBSIDY;
(2) A REDUCTION IN THE DIFFERENTIAL GIVEN TO THE CARRIER; OR
(3) ANY OTHER ACTION APPROVED BY THE COMMISSION, IN
CONSULTATION WITH THE COMMISSIONER
(E) IF A CARRIER STOPS OFFERING A SAAC PRODUCT, THE CARRIER SHALL
PAY TO THE COMMISSION OR THE COMMISSION'S DESIGNEE THE AMOUNT BY WHICH
THE VALUE OF THE DIFFERENTIAL EXCEEDS TWO TIMES THE SUBSIDY.
(F) THE COMMISSION MAY ADOPT REGULATIONS TO IMPLEMENT THIS
SECTION.
19-706.
(NN) THE PROVISIONS OF § 15-130 AND TITLE 15, SUBTITLE 6A OF THE
INSURANCE ARTICLE SHALL APPLY TO HEALTH MAINTENANCE ORGANIZATIONS.
Article—Insurance
15-128.
(h) The Task Force shall submit a preliminary report on its findings and
recommendations to the Governor and, subject to § 2-1246 of the State Government
Article, to the General Assembly on or before December 15, 1999 and a final report in
the game manner on or before [December 15] OCTOBER 1, 2000.
15-130.
(A) (1) IN THIS SECTION THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.
(2) "CARRIER" MEANS:
(I) AN INSURER;
(II) A NONPROFIT HEALTH SERVICE PLAN;
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