Ch. 356 2003 LAWS OF MARYLAND
(IV) HAS BEEN PROHIBITED UNDER ANY FEDERAL S ECURITIES LAW
FROM ACTING AS A DIRECTOR OR OFFICER OF ANY CORPORATION .
(8) A member shall meet any other qualifications set forth in the bylaws
of the nonprofit health service plan.
(9) A member may not be an immediate family member of another board
member or an officer or employee of the nonprofit health service plan.
(10) The board shall elect a chairman from among its members.
(11) The [membership] COMPOSITION of the board shall represent the
[different] RACIAL, GENDER, AND geographic [regions] DIVERSITY of the State.
(f) The board shall notify the Commissioner of any member who attends less
than 65% of the meetings of the board during a period of 12 consecutive months.
[(g) (1) This subsection does not apply to a board of a nonprofit health service
plan that has a premium income for the preceding year of less than $30,000,000.
(2) No more than 25% of a board may be:
(i) licensed health care professionals;
(ii) hospital administrators; and
(iii) employees of health care professionals or hospitals.
(3) The Commissioner may adopt regulations that limit the
representation of licensed health care professionals, hospital administrators, and
employees of health care professionals or hospitals on a subcommittee of the board in
accordance with paragraph (2) of this subsection.]
(G) (1) EXCLUDING REIMBURSEMENT FOR ORDINARY AND NECESSARY
TRAVEL EXPENSES INCURRED AS A RESULT OF SERVING ON THE BOARD, A DIRECTOR
OF A CORPORATION SUBJECT TO THIS SECTION MAY NOT RECEIVE TOTAL
COMPENSATION IN EXCESS OF $10,000 ANNUALLY FOR SERVING ON THE BOARD.
(2) A MEMBER MAY NOT RECEIVE MORE THAN THE AMOUNT SPECIFIED S
IN PARAGRAPH (1) OF THIS SUBSECTION FOR SERVING ON MORE THAN ONE BOARD
OF A CORPORATION SUBJECT TO THIS
(a) (1) In this section, "unsound or unsafe business practice" means a
business practice that:
(i) is detrimental to the financial condition of a nonprofit health
service plan and does not conform to sound industry practice; [or]
(ii) impairs the ability of a nonprofit health service plan to pay
subscriber benefits; OR
(III) VIOLATES § 14-102, § 14-115, OR § 14-139(C) OF THIS SUBTITLE.- 2494 -