Ch. 356                                    2003 LAWS OF MARYLAND

(3)     money collected in accordance with § 19-219 of the Health—General
Article;

(4)     money deposited by a carrier in accordance with § 14-513 of this
subtitle;

(5) income from investments that the Board makes or authorizes on
behalf of the Fund;

(6) interest on deposits or investments of money from the Fund; [and]

(7) PREMIUM TAX REVENUE COLLECTED UNDER § 14-107 OF THIS TITLE;

AND

[(7)] (8) money collected by the Board as a result of legal or other actions
taken by the Board on behalf of the Fund.
Article—State Government
6.5-203.

(h) A determination made by the appropriate regulating entity under
subsection (f) of this section may not take effect until 90 calendar days after the date
the determination is made OR WHEN RATIFIED OR REJECTED BY THE GENERAL
ASSEMBLY, WHICHEVER IS EARLIER.
SECTION 3. AND BE IT FURTHER ENACTED, That pursuant to §
6.5-203(h) of the State Government Article as enacted by Section 1 of this Act, the
General Assembly of Maryland ratifies the determination of the Insurance
Commissioner, and for the reasons set forth in MIA Case No. 2003 02-032, finds that
the conversion of CareFirst to a for profit entity is not in the public interest, and
declares that it is in the interest of all Marylanders to protect and preserve CareFirst
in its nonprofit form.

SECTION 3. AND BE IT FURTHER ENACTED, That any person who is a
member of the board of directors of a nonprofit health service plan that is subject to
the provisions of § 14-115(d) of the Insurance Article as enacted by Section 1 of this
Act on the effective date of this Act:

(a) whose term as a director has exceeded the 9-year statutory term limit
applicable to a nonprofit health service plan shall be removed from the board
immediately; and

(b) whose term expires in December 2003 shall be removed no later than
December 31, 2003.

SECTION 1. AND BE IT FURTHER ENACTED, That:

(a) Notwithstanding the provisions of § 14-115(d)(3)(ii)3 of the Insurance
Article as enacted by Section 1 of this Act, to fill the vacancies resulting under Section
3(1) of this Act, members of the board who shall begin serving on the effective date of
this Act shall be appointed as follows:

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