ROBERT L. EHRLICH, JR., Governor                             Ch. 356

develop certain goals, objectives, and strategies; exempting certain nonprofit
health service plans from certain public service requirements; specifying the
manner in which certain nonprofit health service plans can satisfy certain
requirements; requiring certain nonprofit health service plans to perform
certain functions; providing that a nonprofit health service plan may satisfy a
certain requirement in a certain manner; repealing a requirement that the
Insurance Commissioner follow certain procedures after making a certain
determination; requiring the Insurance Commissioner to issue an order to
require that a nonprofit health service plan pay a certain premium tax for a
certain period of time under certain circumstances; specifying the use of certain
premium tax revenue collected by the Maryland Insurance Administration;
specifying information that certain applicants for a certificate of authority must
submit; specifying certain criteria that the Insurance Commissioner shall
consider when issuing a certain certificate of authority; specifying certain
activities in which a certain corporation may engage; specifying that certain
members of a certain board of directors are fiduciaries on behalf of certain
corporations and their controlled affiliates or subsidiaries; specifying the
manner in which certain board members shall act; specifying the principal
functions of a certain board; specifying the number and composition of members
on a certain board; specifying the manner in which certain board members shall
be chosen; requiring a certain board to establish certain committees; specifying
the functions of certain committees; specifying the composition of certain
committees; specifying that each board member of a certain corporation must
serve on at least one standing committee of a certain board; specifying certain
actions by the board that require certain board approval; specifying that a
certain decision by the board may be rejected by a certain number of board
members; requiring a certain board and its standing committees to maintain full
and complete board minutes; altering the term of certain board members
beginning on a certain date; altering the maximum term of certain board
members; prohibiting certain individuals from serving on a certain board;
limiting the compensation of certain board members; altering the maximum
representation of certain individuals on a certain board; specifying that certain
fiduciary duties of board members do not create a cause of action against a
certain board; providing that a violation of certain provioiono of law is an
unsound or unsafe business practice; prohibiting the Insurance Commissioner
from approving certain amendments to the articles of incorporation or bylaws of
certain corporations unless a certain determination is made by the Insurance
Commissioner; prohibiting the Insurance Commissioner from approving a
statement of proposed action by a certain nonprofit health service plan unless a
certain determination is made by the Insurance Commissioner; providing that
an officer, director, trustee, or employee of a certain corporation may not
approve or receive any remuneration from certain corporate assets except for
certain fair and reasonable compensation; providing that the approval or receipt
of certain remuneration is a violation of certain provisions of law; requiring the
Insurance Commissioner to review certain payments made to officers, directors,
or trustees of a certain corporation on an annual basis; requiring the Insurance
Commissioner to issue an order prohibiting payment of a certain amount under
certain circumstances; specifying when a certain determination by a certain

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