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Ch. 31
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2000 LAWS OF MARYLAND
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(4) A DENTAL PLAN ORGANIZATION MAY WITHDRAW A DEPOSIT OR ANY
PART THEREOF AFTER MAKING A SUBSTITUTE DEPOSIT OF EQUAL AMOUNT AND
VALUE.
(5) A SUBSTITUTE DEPOSIT OF ANY SECURITIES SHALL BE APPROVED
BY THE COMMISSIONER IS SUBJECT TO THE APPROVAL OF THE COMMISSIONER.
(C) EXCEPT AS PROVIDED IN SUBSECTION (D) OF THIS SECTION, THE
COMMISSIONER MAY REDUCE OR ELIMINATE THE DEPOSIT REQUIREMENT IF THE
DENTAL PLAN ORGANIZATION HAS MADE AN ACCEPTABLE DEPOSIT WITH THE STATE
OR JURISDICTION OF DOMICILE FOR THE PROTECTION OF ALL ENROLLEES,
WHEREVER LOCATED, AND DELIVERS TO THE COMMISSIONER A CERTIFICATE TO
SUCH EFFECT, DULY AUTHENTICATED BY THE APPROPRIATE STATE OFFICIAL
HOLDING THE DEPOSIT.
(D) SUBSECTIONS (B) AND (C) OF THIS SECTION DO NOT APPLY TO A DENTAL
PLAN ORGANIZATION THAT DOES NOT HAVE ANY ENROLLEES, AS DETERMINED BY
THE COMMISSIONER SO LONG AS THE DENTAL PLAN ORGANIZATION:
(1) HELD A CERTIFICATE OF AUTHORITY AS OF JANUARY 1, 2000;
(2) MAINTAINS A CURRENT CERTIFICATE OF AUTHORITY; AND
(3) COMPLIES WITH ALL APPLICABLE LAWS AND REGULATIONS, AS
DETERMINED BY THE COMMISSIONER
14-409.
(a) The Commissioner may suspend or revoke a certificate of authority issued
to a dental plan organization under this subtitle if the Commissioner finds that:
(1) the dental plan organization is operating in a manner significantly
contrary to that described in §§ 14-403, 14-405, 14-407, and 14-408 of this subtitle;
(2) the dental plan organization issues evidence of coverage that does not
comply with § 14-410 of this subtitle;
(3) the dental plan organization can no longer be expected to meet its
obligations to enrollees;
(4) the agreements of the dental plan organization with dentists are not
sufficient to provide the dental services covered by the dental plan;
(5) the dental plan organization, or authorized person acting on its
behalf, has advertised or merchandised its services in an untrue or misleading
manner;
(6) the conditions or methods of operation of the dental plan organization
make continued operation hazardous to enrollees or the public; or
(7) the dental plan organization has failed to comply with this subtitle or
any regulations adopted under this subtitle.
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- 378 -
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