ROBERT L. EHRLICH, JR., Governor                             Ch. 357

General Assembly on or before a certain date; providing for the termination of
certain provisions of this Act; altering certain provisions of law relating to the
regulation of nonprofit health service plans; specifying the purpose of certain
provisions of law; providing that certain nonprofit health service plans are
exempt from certain taxes; establishing the mission of certain nonprofit health
service plans; requiring a certain nonprofit health service plan to develop certain
goals, objectives, and strategies; requiring a nonprofit health service plan to
report quarterly to a certain oversight committee and provide certain information
to the oversight committee for a certain purpose; requiring the Insurance
Commissioner to submit a certain report to the Governor and certain committees
of the General Assembly on or before a certain date and annually thereafter;
establishing the scope of certain provisions of law governing nonprofit health
service plans; exempting certain nonprofit health service plans from certain
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; requiring the Insurance Commissioner to
deny inspection of a certain part of a certain report under certain circumstances;
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; requiring the Maryland Insurance Administration to deposit the
premium tax revenue in a certain fund; specifying information that certain
applicants for a certificate of authority must submit; specifying certain criteria
that the Insurance Commissioner must consider when issuing a certain
certificate of authority; authorizing the Insurance Commissioner to disapprove
renewal of a certain certificate of authority under certain circumstances;
providing that a certain certificate of authority authorizes a certain corporation
to engage in certain activities; specifying that certain members of a certain board
of directors are fiduciaries on behalf of a certain corporation; specifying the
manner in which certain board members must act; specifying the principal
functions of a certain board; establishing the composition of a certain board;
providing that a certain board is self-perpetuating; requiring a certain board to
establish certain committees with certain duties; requiring board approval for
certain actions; providing that a decision by a certain board to convert to a
for-profit entity under certain provisions of law may be rejected by a certain
number of members of the board; requiring a certain board to take and retain
certain minutes; altering the term of certain board members beginning on a
certain date; altering a certain qualification of a consumer member of a certain
board; altering the maximum term of certain board members; prohibiting certain
individuals from serving on a certain board; specifying the amount of
compensation of certain board members; requiring certain corporations to report
to the Insurance Commissioner on the amount of certain expenses paid to board
members; altering the definition of an "unsound or unsafe business practice";
requiring the Attorney General to notify the Insurance Commissioner that a
nonprofit health service plan is engaging in a certain business practice under
certain circumstances; authorizing the Attorney General to undertake a certain
investigation and initiate a certain action under certain circumstances; requiring

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