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PARRIS N. GLENDENING, Governor
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S.B. 60
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The bill also requires Medicaid managed care organizations to comply with RBC
standards in accordance with regulations adopted by the Insurance Commissioner.
House Bill 92, which was passed by the General Assembly and signed by me on May
11, 2000, accomplishes the same purpose. Therefore, it is not necessary for me to sign
Senate Bill 60.
Sincerely,
Parris N. Glendening
Governor
Senate Bill No. 60
AN ACT concerning
Health Insurance - Risk Based Capital Standards for Insurers and Managed
Care Organizations
FOR the purpose of requiring certain insurers to meet certain risk based capital
standards; requiring the Insurance Commissioner to take certain action against
certain insurers under certain circumstances; altering certain terms; defining
certain terms; requiring the Insurance Commissioner, in consultation with the
Secretary of Health and Mental Hygiene, to adopt regulations that apply risk
based capital standards to certain managed care organizations by a certain date;
requiring certain managed care organizations to comply with certain risk based
capital standards; making technical changes; and generally relating to risk
based capital standards for insurers and managed care organizations.
BY renumbering
Article - Health - General
Section 19-710(e) through (s), respectively
to be Section 19-710 (f) through (t), respectively
Annotated Code of Maryland
(1996 Replacement Volume and 1999 Supplement)
BY repealing and reenacting, with amendments,
Article - Health - General
Section 15-102.4
Annotated Code of Maryland
(1994 Replacement Volume and 1999 Supplement)
BY adding to
Article - Health - General
Section 19-710(e)
Annotated Code of Maryland
(1996 Replacement Volume and 1999 Supplement)
BY repealing and reenacting, with amendments,
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- 3597 -
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