Ch. 295

2003 LAWS OF MARYLAND

Commissioner to submit a copy of a certain report to certain committees of the
General Assembly on a certain date; and generally relating to the examination
of pharmacy benefit managers.

BY repealing and reenacting, with amendments,
Article — Insurance
Section 2-208 and 2-209
Annotated Code of Maryland
(1997 Volume and 2002 Supplement)

BY adding to

Article - Insurance

Section 15-10B-20

Annotated Code of Maryland

(2002 Replacement Volume and 2002 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Insurance

2-208.

The expense incurred in an examination made under § 2-205 of this subtitle, §
2-206 of this subtitle for surplus lines brokers and insurance holding corporations, §
23-207 of this article for premium finance companies, [or] § 15-10B-19 of this article
for private review agents, OR § 15-10B-20 OF THIS ARTICLE shall be paid by the person
examined in the following manner:

(1)     the person examined shall pay to the Commissioner the travel
expenses, a living expense allowance, and a per diem as compensation for examiners,
actuaries, and typists:

(i) to the extent incurred for the examination; and

(ii) at reasonable rates set by the Commissioner;

(2)     the Commissioner may present a detailed account of expenses
incurred to the person examined periodically during the examination or at the end of
the examination, as the Commissioner considers proper; and

(3)     a person may not pay and an examiner may not accept any
compensation for an examination in addition to the compensation under paragraph
(1) of this section.

2-209.

(a)     The Commissioner or an examiner shall make a complete report of each
examination made under § 2-205 of this subtitle[,] OR § 23-207 [of this article, or],
§ 15-10B-19 [of this article], OR § 15-10B-20 OF THIS ARTICLE.

(b)     An examination report shall contain only facts:

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